Articles
Demand for Housing Post Lockdown Period
by KW Group KW Group - for touching heightsDemand
for housing is expected to drop post lockdown down period as an after effect of
downslide in the economy die to the spread of Corona Virus Spread. The
financial year 2020-21 is expected to be quite crucial for real estate developers. The year 2019 -20 had shown some improvement
over the previous two years 2016-17 and 2018-19. Many of the real estate
developers have large stock of unsold inventories. Best real estate companies
in Ghaziabad are also facing near
100% halt in the sales as the undergoing projects have been halted as per the
directions from the government. No buyers or the employees of these companies
are able to do any kind of site visit physically. The new project launches in
2020-21 are expected to be much less, however the concentration would be more
on selling the unsold inventory to streamline the cash flow.
Best
real estate companies are gearing up to do most of their activities on-line and
offering huge incentives to the prospective buyers to avail online option to book
their new project. During this festive season, when the sale of properties
surge, did not see the effect due to COVID-19. But expected with the new online
selling effort learned buyers would be attracted and this will gain its
momentum even after the lockdown period. Online selling process will be adopted
by Real Estate builders and brokers which may become the future trend in
selling Capital assets.
Due to
stock clearance for ready to move flats, under construction flats are expected
to fall in Delhi NCR region specially, Greater Noida, Ghaziabad and some newly
developing areas around Delhi. This will amount to drop in price of ready to
move flats and simultaneously flats in under construction projects. This price
drop is expected in the initial quarters of 2020-21 as the real estate are
facing huge cash crunch due to high unsold inventory. Many of the Real Estate
builders have done over trading by taking more projects than their sustainable
business volume thinking that they will be able to manage with the advance
booking money but this did not happen. Most of the buyers have become cautious
for not getting their money blocked in an upcoming project and prefer buying a
property which is ready to move.
Best real Estate Companies in Ghaziabad are at
less risk as they do not have large inventory of unsold flats in their housing
project.KW Group Pvt. Ltd is one such company which built 11 housing towers in
their KW Srishti project in Raj Nagar
extension. In this project there is hardly any unsold flat and similarly their
upcoming commercial project KW Delhi 6 in Raj Nagar Extension, Ghaziabad has
already been booked by large number of PAN India retail chains. The demand for
shops is very high due to the reputation of KW Group.
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About KW Group 
KW Group - for touching heights
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Created on Apr 5th 2020 23:52. Viewed 308 times.
