Demand for Housing Post Lockdown Periodby KW Group KW Group - for touching heights
Demand 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.Source Link:- https://kw-group.blogspot.com/2020/04/demand-for-housing-post-lockdown-period.html
Created on Apr 5th 2020 23:52. Viewed 257 times.