Crystal ball gazing into 2021 - what can real estate sector look forward to? Is the worst behind us?
If the economy starts moving towards a positive growth trajectory and the employment scenario improves substantially, residential demand will have sustainable growth from mid-2021. Mid and affordable housing, which is the major proportion of the demand, is likely to revive first
The year 2020 may have seemed to be a ‘lacklustre year’ for most sectors, including real estate due to the aftereffects of the COVID-19 pandemic, but the third and the fourth quarters sprang a surprise.
Driven by low-interest rates, lucrative payment plans, attractive prices, residential sales across the country increased by 34 percent in the September quarter, compared to the June quarter, amid the raging virus, a JLL report had said.
Real experts say it may take 12-18 months for the market to bounce back. The first segment to see an uptick will likely be the rental market after offices reopen and people return from their hometowns.