India's residential real estate segment is witnessing a decisive return of serious enquiries, which are now at 50% of pre-COVID-19 levels in the top cities. Recovery is fastest in Bengaluru, where current enquiries have reached 70% of the January-February period, followed by Gurugram with nearly 65%.
In a market where tenants have the leeway to bargain, property owners need to go the extra mile to attract tenants at good rentals. This helps them to let out their property faster while also justifying higher rental asks.
Real estate is fundamentally a people business based on relationship-building - but as the proliferation of social media channels proves, there is more than one way for interactions to take place.
The government has extended the timeline for project completions and registration by 6 months and announced INR 30,000 crore special liquidity scheme for NBFCs/HFCs and MFIs
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.
Housing sales could witness a 25-35% yearly drop in 2020 against 2019, reveals the ANAROCK report 'COVID-19 - Will it Reset Indian Real Estate?'
