Current estimates reveal a substantial drop in demand and supply across various real estate segments in 2020 in the wake of the corona pandemic.
Housing sales could witness a 25-35 percent yearly drop in 2020 against the preceding year, reveals a report by Anarock Property Consultants.
Residential sales in 2019 stood at about 2.61 lakh units across top 7 cities and may now fall between 1.70 lakh - 1.96 lakh units.
Likewise, new launches may also witness a 25-30 percent decline during the same period – from 2.37 lakh units in 2019 to anywhere between 1.66 lakh -1.78 lakh units, the report revealed.
Key findings
Housing sales to see 25-35 percent y-o-y fall in 2020; new launches by 25-30 percent
Unsold housing inventory to remain stable, may even see 1-3 percent yearly reduction
Construction delays could run into several months for well-funded projects, few years for others; 4.66 lakh units to be previously completed by 2020-end face high risk of delays
Affordable housing target group most affected, limited income & unemployment fears to defer purchase decisions
Indian office sector to see significant impact by Covid-19; besides demand-supply decline, key occupiers to re-look office space requirements
Indian retail leasing and new mall completions to see 30-50 percent dip against previous growth estimates; revenue-sharing model to gain dominance
Technology to gain significant precedence in Indian real estate from 2020 onwards
هذه القصة مأخوذة من طبعة April 2020 من Steel Insights.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة April 2020 من Steel Insights.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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