COVID-19 Era – Wellness Real Estate in Focus
Wellness amenities such as yoga studios, meditation rooms, spas, gymnasiums, tennis courts and jogging tracks became the new rage among urban homebuyers.
Category: Residential Real Estate
COVID-19 Sentiment Survey – Housing Now Preferred Asset Class, 59% End-users
Homeownership is now a compelling priority for millennials facing uncertain times. Out of the total voters favouring real estate, 55% are aged between 25-35 years - and 68% are end-users. In the H2 2019 edition of this survey, only 42% were in this age bracket.
Many NRIs settled in Europe, America and the Middle East who have bought real estate in India are considering refinancing their home loans.
Despite the lockdown, the ANAROCK Group has successfully closed sales of 240 homes worth INR 214.6 Cr. and 62 office spaces collectively worth INR 37 Cr.
Despite the lockdown across the country, digital sales have helped top developers resume at least 15-20% of their business.
In a major move to boost liquidity, the RBI announced additional measures to accelerate the economy and facilitate bank credit flows in Lockdown 2.0.
Relief to construction sector as the Indian government permits activity to resume in non-COVID-19 hotspots, that follow strict social guidelines.
The COVID-19 pandemic and coronavirus lockdown are all set to derail the growth momentum of affordable housing in 2020, reveals ANAROCK’s latest report.
RBI’s repo rate cut of 75 bps with 3 months' moratorium of EMIs on all outstanding loans will push credit flow into industries affected by the coronavirus.
The Covid-19 pandemic had considerable impact on the Indian housing sector with a 42% y-o-y drop in residential sales in the first quarter of 2020, says ANAROCK.