Impact & Opportunity that COVID will Leave Us with
Having studied Architecture at SAIC, Ram’s work has been showcased at several design exhibitions globally.
The move to extend the lockdown in India till 3rd May was a sensible approach to safeguard the interest of the nation and its people. In the short-term, the unprecedented health crisis has brought life and economic growth in the country to a virtual standstill. And while the ongoing pandemic raises concerns regarding the economic impact in different sectors and industries, it also brings an opportunity to re-assess the one’s investment options. People are looking to safeguard their wealth and re-assessing the reliability of different investment avenues. Investing in markets or other financial instruments is a volatile choice right now; on the other hand two physical assets that have emerged as a safe investment option are gold and real estate. In fact, gold prices are hovering near record highs in India. Real estate is an investment and a tangible asset for end used buyers. It is not only an investment but also has great value as an end used product. It is worthy to note that historically, real estate has weathered times of global economic crises and recessions and that it is why it stands out as the better option for investment right now.
One will also need to adapt to the new normal that this crisis has brought along. Going forward, there will be a huge demand for buildings that cater to ‘wellness’. One learning from this pandemic is the need to safeguard health and wellness of an individual. Developers will need to focus on the safety and well-being of the consumers and the development will begin to reflect that.The focus will shift to effortless integration of technology and design. The post pandemic world will see an entire industry adapting to a different normal.
The RBI and the government’s moves to create a good flow of liquidity through this pandemic time is a great move. COVID-proofing the economy and calibrated sector specific incentives are the need of the hour. It is imperative that the government and RBI continue to boost the economy with appropriate measures and help revive the real estate sector. They could look at a specific stimulus package and measures like one-time restructuring for developer loans, reduction in GST rates, and some relief on stamp duty as well. The sector awaits the blueprint of a stimulus package for the residential real estate sector.
The hope is that over the next one-two months, with all the efforts are government and healthcare officials are putting in, we come out stronger on the other side of this health crisis. The post pandemic world will be good for the real estate sector, the one sector that will emerge as the silver lining in such bleak scenario. This calamity shall pass and the markets will pick up and people will be more driven towards owing their own home, primarily for the sense of security that it brings with it and that will be a big positive.
Timing is crucial when one is considering investing in real estate. And the time now is ripe to put it through action. Financial security is foremost on people’s minds and one must deploy their money through multiple avenues. In current situation, real estate offers you the best bet – stability, security and safety.
The move to extend the lockdown in India till 3rd May was a sensible approach to safeguard the interest of the nation and its people. In the short-term, the unprecedented health crisis has brought life and economic growth in the country to a virtual standstill. And while the ongoing pandemic raises concerns regarding the economic impact in different sectors and industries, it also brings an opportunity to re-assess the one’s investment options. People are looking to safeguard their wealth and re-assessing the reliability of different investment avenues. Investing in markets or other financial instruments is a volatile choice right now; on the other hand two physical assets that have emerged as a safe investment option are gold and real estate. In fact, gold prices are hovering near record highs in India. Real estate is an investment and a tangible asset for end used buyers. It is not only an investment but also has great value as an end used product. It is worthy to note that historically, real estate has weathered times of global economic crises and recessions and that it is why it stands out as the better option for investment right now.
It is imperative that the government and RBI continue to boost the economy with appropriate measures and help revive the real estate sector
One will also need to adapt to the new normal that this crisis has brought along. Going forward, there will be a huge demand for buildings that cater to ‘wellness’. One learning from this pandemic is the need to safeguard health and wellness of an individual. Developers will need to focus on the safety and well-being of the consumers and the development will begin to reflect that.The focus will shift to effortless integration of technology and design. The post pandemic world will see an entire industry adapting to a different normal.
The RBI and the government’s moves to create a good flow of liquidity through this pandemic time is a great move. COVID-proofing the economy and calibrated sector specific incentives are the need of the hour. It is imperative that the government and RBI continue to boost the economy with appropriate measures and help revive the real estate sector. They could look at a specific stimulus package and measures like one-time restructuring for developer loans, reduction in GST rates, and some relief on stamp duty as well. The sector awaits the blueprint of a stimulus package for the residential real estate sector.
The hope is that over the next one-two months, with all the efforts are government and healthcare officials are putting in, we come out stronger on the other side of this health crisis. The post pandemic world will be good for the real estate sector, the one sector that will emerge as the silver lining in such bleak scenario. This calamity shall pass and the markets will pick up and people will be more driven towards owing their own home, primarily for the sense of security that it brings with it and that will be a big positive.
Timing is crucial when one is considering investing in real estate. And the time now is ripe to put it through action. Financial security is foremost on people’s minds and one must deploy their money through multiple avenues. In current situation, real estate offers you the best bet – stability, security and safety.
