Real Estate Property in Indore (1)

1
Real Estate Before and After COVID-19
2
Introduction

• Buying a House in Indore or any other city is one
  of the most important decisions and the largest
  financial outlay in anyone's life. The Real Maker
  Online Guide simplifies your house search by
  giving essential information that will assist you
  in making an informed selection.
  Realmakeronline.com is your go-to site for
  everything real estate, from real estate news to
  the legalities of property ownership to taxation
  and ideas on home design and improvement. Heres
  an comparison of Real Estate Before and After
  COVID-19.

3
Real Estate Industry Scenario Just before to
Covid-19

• The Indian Economy
• Even before COVID-19, the Indian economy faced
  various hurdles in terms of legislation such as
  GST, as well as a liquidity crisis that affected
  real estate. In terms of job creation, real
  estate and construction trail agriculture.
• Purchasing Habits
• People were afraid to buy a home because of the
  price increase, which should ideally be based on
  location, builder, and the specifications and
  amenities provided by each project.

4
Work at Home Work-from-home was not on CIOs'
must-do list prior to the coronavirus. Previous
research found that the influence of
work-from-home arrangements did not extend to the
current setting since these arrangements were
generally limited to a select group of
individuals and/or businesses, and were
frequently self-selected. Real estate agents'
skill set Real estate agents lacked
sophisticated knowledge of social media marketing
and had insufficient grasp of force majeure
law. Pre-Covid19 issues connected to depressed
demand and financial pressures continued to cause
a short and medium-term decline in sales.
5
The Impact of COVID-19 on the Real Estate
Industry

• Adoption of Digital Medium and Online
  Transactions
• Unlike other industries such as banking,
  telecommunications, and aviation, real estate is
  also undergoing significant consolidation. The
  majority of transactions in all of these areas
  have been moved to digital media.
• Customer purchasing decisions have an impact.
• Following COVID-19, the majority of home buyers
  are still willing to purchase properties at a
  particular price discount. People who have not
  invested in real estate in the last ten years are
  considering doing so now. People in the middle
  class are now focusing on affordable housing
  developments, while those who were seeking for a
  nice property prior to COVID-19 have expanded
  their search sq.ft. / BHK to transform it into an
  office area that will allow them to work from
  home comfortably.

6
RBI Guidelines With weak demand already removing
inflation from the RBI's list of concerns, there
is considerable room for another policy rate drop
of 50-75 basis points. Because house loan rates
are linked to benchmark rates, low interest rates
are possible. The Reserve Bank of India's
decision to prolong the moratorium on term loans
for another three months is expected to help real
estate developers and housing loan borrowers
reduce their interest payments until the end of
August. Moratorium extended for three
months Borrowers who take advantage of the
moratorium period can spread their interest
payments over the course of the fiscal year and
convert the accumulated interest during the
moratorium period into a term loan. This will
provide some relief because the borrower will not
be required to repay the loan's accumulated
interest immediately after the moratorium ends.
7
RERA has extended the completion time by 6
months. Following the lockdown, construction
activity on ongoing real estate projects was
suspended, resulting in a reverse exodus of
laborers to their homes. There was also
widespread disruption in the construction
material supply chain, which hampered
construction efforts across the
country. Increasing real estate agents' skill
set. Real estate brokers are expanding their
knowledge of social media marketing as well as
numerous legal issues such as force majeure, and
bookings are now taking place online and with
discounts and incentives. Real estate recovery
time The real estate recovery process will see
rapid absorption, offering new opportunities
within specialized real estate categories. With a
gradual recovery, the long-term outlook for the
real estate sector in the next 18-24 months is
anticipated to be good.
8
Work from Home Program Implementation for All
Segments/Sectors The coronavirus is putting
remote work to the ultimate test, and on an
unprecedented scale. Many of the employees who
have been instructed to work from home as a
result of the coronavirus may have little to no
experience doing so, or have not done so for an
extended length of time. This means that you must
be proactive and flexible when working outside of
the office, and you must work quickly. The first
stage is to determine who may and cannot work
remotely, as well as who should work on-site if
possible. The natural next step would appear to
be that anyone with an office job can work from
home, but this is not always the case. Well
neither life stop after COVID-19 nor costliness,
So If you are looking for Real Estate Property in
Indore or Property Broker in Indore then,
Please visit us once https//realmakeronline.com
/