Country recuperating from ills of second wave; minimum damage to realty

The country goes through the second wave of coronavirus infection, and therefore the business world cares about its impact; the important estate sector is observing things with bated breath; however, the realtors feel that everybody must work together to contain the second wave. As the government has hinted that complete lockdown isn’t on the lines, the world believes that a brief lockdown won’t affect very much like construction stock remains on the sites, and sales are happening online also. While all businesses made efforts to overcome the problem, it was the real estate sector which displayed commendable resilience and adopted technology at massive levels to witness a significant recovery in the second half of last year.

Unfortunately, the second wave acted as the roadblock and slowed down that recovery process to an extent. This has made a section of the prospective home buyers to adopt a wait-and-watch-approach till the effects of current wave mellow down. Keeping the ongoing circumstances in view, the ongoing wave of corona virus is proving to be less perilous for the real estate industry as developers had evolved their practices towards digitization during the last year’s lockdown and the resulting months which is aiding them to maintain a consistent touch with the customers, take timely action upon the digital leads generated and promise them a fully-enabled virtual experience of their future home.

The value of home-ownership has only strengthened more from last year, despite the challenges second wave has initiated; enquiries for realty continue to rise.  Affordable homes are definitely the most preferred choices for people looking to shift from their rented spaces, as it not only fits their budget but also offer decent share of amenities. These amenities are planned so as to upgrade the lifestyle of residents and at the same time position their homes as an investment proposition that will continue to offer long term returns. Thus, affordable homes in metro cities like New Gurugram, Noida and Gr. Noida emerge as the ideal choices to invest during the current times, due to the potential of positive future aspects promised.

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