The pandemic has changed people’s perception of homeownership significantly. Those who already own a house are looking to buy a bigger one, with work from home (WFH) set to become the new norm. But, with the second wave of Covid-19 hitting the country hard, is it the right time to invest in a new house? Also, should you go for a property under-construction or look for a ready to move in one? Or, should you invest in real estate only for returns? A lowdown.
Back In Demand
With phased opening up, pent-up demand, the festive season of the previous quarter and the on-going vaccination drive, economic recovery is gaining momentum. It has pushed the real estate adoption significantly higher as well.
According to experts, demand went back to almost pre-Covid levels during January-March 2021. In fact, February and March were the best ever in terms of traffic in the history of online real estate portals such as Housing.com and PropTiger.com. But, with the onset of the second wave of the pandemic in April, property searches witnessed a slowdown. Experts, however, see it as a brief setback.
“We have seen an incredible growth in traffic, from 10.5-11 million per month to more than 25 million visits during March 2020-March 2021,” says Dhruv Agarwala CEO, Elara Group, which owns Housing.com, PropTiger. com and Makaan.com.
“As far as housing sales are concerned, we are seeing a temporary slowdown due to the rampant spread of Covid-19,” says Anuj Puri, Chairman, ANAROCK Property Consultants. “The market will quickly regain an even keel once the vaccination drive picks up pace and the health infrastructure crunch abates.”
Changing Trends
Diese Geschichte stammt aus der July 11, 2021-Ausgabe von Business Today.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der July 11, 2021-Ausgabe von Business Today.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
"Moving to cloud helped us grow❞
What was the problem you were grappling with?
She's Got Time
MORE WOMEN ARE BECOMING WATCH CONNOISSEURS, SEEKING OUT BOTH JEWELLED AND TECHNICAL WATCHES FOR THEIR STYLE AND CRAFTSMANSHIP
RISING STAR
PARUL GULATI IS a name that's been steadily gaining prominence in the Indian entertainment industry after she appeared on season 2 of Shark Tank in 2023. She has become a multifaceted personality who effortlessly transitions between acting and entrepreneurship.
Building on a Legacy
WHEN ZAHABIYA KHORAKIWALA stepped into her role as Managing Director of Wockhardt Hospitals over a decade ago, she confronted formidable challenges that have since turned into achievements.
LEADER IN INNOVATION
AS FEDEX'S PRESIDENT (Middle East, Indian subcontinent and Africa), Kami Viswanathan has a lot on her plate.
WAITING IN THE WINGS
Here are those who missed out as they have not yet completed a year in office; they'll be strong contenders in 2025
A DECENT PROPOSAL
IN TODAY'S WORLD OF TRYING TO CREATE AN EQUITABLE SPACE, BOTH MEN AND WOMEN CONTRIBUTE TO THEIR HOUSEHOLDS. WOMEN ARE ENCOURAGED TO HAVE THEIR OWN SAVINGS POOL AND INVESTMENT ROUTINE. GIVEN THIS, HOW SHOULD FUTURE BRIDES APPROACH FINANCIAL PLANNING?
Women and the STEM Bias
EMPOWERING WOMEN IN STEM WILL NOT ONLY BENEFIT INDIVIDUALS, BUT ALSO STRENGTHEN THE ENTIRE INDUSTRY, DRIVING INNOVATION AND PROGRESS.
ROCKET WOMEN
WOMEN IN INDIA ARE NOT ONLY VENTURING INTO SPACE BUT ARE ALSO STARTING TO SPEARHEAD THE COUNTRY'S EFFORTS IN THE GLOBAL SPACE RACE.
ONE STEP FORWARD
THE NUMBER OF WOMEN INDEPENDENT DIRECTORS IS GROWING STEADILY, BUT IT'S A LONG WAY FROM GENDER PARITY. MUCH MORE NEEDS TO BE DONE TO BREAK THE GLASS CEILING IN BOARDROOMS.
