Out of Rubble: Realty sector hopeful of high demand, recovery in 2021

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By Rituraj Baruah
New Delhi, Dec 31 |
The pandemic-battered India’s real estate sector closed 2020 on a resilient note, as it recovers from the lows witnessed during the first half of 2020 and enters the new year with high hopes of demand revival.

Market participants expect a rise in demand in both residential and commercial real estate going ahead.

Anuj Puri, Chairman of Anarock Property Consultants noted that the Indian residential real estate market proved its resilience in 2020, and 2021 holds promise for commercial office and residential real estate, as well as warehousing and data centers.

Anarock data showed that the residential segment has shown a strong recovery in the second half of the year, with nearly 85,000 units launched across the top seven cities, recording a two-fold growth over first half of 2020.

Sales during the second half were recorded at nearly 80,400 units, almost 40 per cent more than the first half of the year.

Niranjan Hiranandani, President, National Real Estate Development Council (NAREDCO) said that the last quarter FY2019-20 showed signs of revival due to a series of economic and policy steps of the Centre, but the pandemic-induced lockdown brought Indian economy to grinding halt, wherein Indian real estate was badly affected, he added.

“It was arguably, the most challenging time that Indian real estate has witnessed. With migrant labour reverse-migrating, customers unable to visit project sites, liquidity crunch and breakdown in the supply chain, it was a period of despondency,” Hiranandani said.

He, however, said that the silver lining to dark clouds was digital modes that came as a rescue, amidst enhanced automation and mechanisation and real estate players had to quickly brace up and tune their promotional and interactive activities through digital platforms to communicate with their visitors and prospects.

J.C. Sharma, Vice Chairman and Managing Director, SOBHA Limited said that creating digitally enabled business models have suddenly become the norm.

Further, low interest rates along with other liquidity measures by the government and the Reserve Bank of India (RBI) also supported the sector.

“To boost housing demand, the Finance Minister had announced measures like an additional outlay of around Rs 18,000 crore for PM Awas Yojana. This relief is expected to lift the demand, particularly in the affordable and mid housing segments,” said Aditya Kushwaha, CEO & Director Axis Ecorp.

Likewise, a record low rate of home loans, relaxation on stamp duty in a few states and easing of RERA regulation have been instrumental to motivate investors to invest in real estate, he added.

According to Kushwaha, demand has been increasing rapidly over the last few years in tier-II cities owing to better opportunities, infrastructure growth, and connectivity improvements.

He also noted that while tier-II cities offer better value-based pricing and larger spaces and lower cost of construction, there are also constraints like easy approval of FDI for projects in these cities. This can be made easier by the government through policies and tax level initiatives and benefits that could entice people to stay back in the city, Kushwaha said.

Spenta Corporation’s MD, Farshid Cooper said that most companies are opting for Work from Home (WFH) which gives rise to housing demand in Tier-II and III cities and there is a sense in shifting to locations within an affordable locality.

Additionally, NRIs are seeing real estate as a lucrative investment option, he said.

“We have high expectations from the upcoming budget of 2021-2022 which shall focus on reviving the stalled economic sector,” Cooper said.

Honeyy Katiyal, Founder of Investors Clinic was of the view that 2021 is expected to witness a growing demand from the affordable housing segment, which in turn will boost the residential segment in the coming year.

He further said: “Prices in housing real-estate are going to be stable at the current market level. The affordable housing market is expected to be driven by innovative and creative offers.”

SOBHA’s J.C. Sharma said that in the future, customers will not be satisfied only with quality living spaces offered within the four walls and advantages of location for value appreciation.

“The future of real estate will depend on the integration of high-grade efficient delivery of personal mobility, housekeeping, wellness, provision of walking and cycling tracks, payment of maintenance and other fees, digitally enabled grocery, milk and newspaper delivery and other necessary concierge services,” he said.

Speaking on the commercial real estate, Krish Raveshia, CEO of Azlo Realty said that 2021 will see the emergence of many prominent commercial micro markets, satellite offices as the existing central business districts get overcrowded and costly.

“With economic activity picking up, we expect prices to firm up in the next few quarters, a rise in rental yield,” Raveshia said.

Talking on co-working spaces, Abhay Chawla, Co-Founder of India Accelerator said: “Now that the companies are resuming businesses, the coworking spaces are expected to see gradual penetration in the coming months.”

Bigger enterprises will look for smaller spaces to accommodate their employees on a shift basis, he said, adding that the start-ups that are emerging in tier 2 and 3 cities will also see the occupancy in local coworking spaces, he said

Source: IANS

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Meet Gurmeet singh Shunty A New Superhero With Turban

Meet Gurmeet singh Shunty A New Superhero With Turban

In the last year, the whole world was struck by a large pandemic. The year 2020 came with a pandemic called coronavirus which affected the whole world badly. Coronavirus in India resulted in great downfalls in health, economy, unemployment, and so on. Lakhs of People Lost their lives, jobs, and their loved ones. The whole year was very disturbing for each section of society. Coronavirus in India resulted in great downfalls of health, economy, unemployment, and so on. The whole year passed with a large Tension and fear for all the peoples. In the hard times of coronavirus spread, a lot of peoples came out and helped the person in need and It is one of the very few positive effects of Covid-19.

During the blast of the Covid-19 pandemic in the world our volunteers have demonstrated an exceptional display of solidarity across the world and our society. However, this is also the year which witnessed the world coming together to fight coronavirus. The year with its share of trials and tribulations threw up some exemplary work being done by organisations and individuals in this difficult time as the pandemic spread, a new breed of warriors with an indomitable spirit stood up bravely against it to take on the challenge head on.

In the hard times of lockdown, a lot of peoples came out and helped the person in need and It helped the society to live again with a hope of being helped in bad time. During the Large spread of the Covid-19 pandemic in the world our leaders of the society have demonstrated an exceptional display of solidarity across the world and in our society too. They did a Great work in every aspect needed at that time, from Responding to calls for help from their local communities to help them by going on roads, they are everyday heroes who came as a preserver for them.

They do wear masks and face shields to protect themselves and spread awareness in the society to follow each rule and regulation. We can say that there are many things which has spread faster than the coronavirus during the pandemic, it has been the noble works, fearless steps, selfless service and recognition of Gurmeet Ji and his supporters who continued to work day and night to save other’s lives. He also set up camps and volunteer help alongside highways and by roadsides, just to provide relief and support the migrant workers going back to their places all over India.

Among the Great hidden heroes who worked day and night to fight during lockdown, one such person is Gurmeet Singh shunty ji, who is the ex general secretary of delhi sikh gurudwara committee.Being at such great post he always learned to do sewa and that teaching has been always with him which dedicated him towards the society to work for the people of his own nation and humanity. Gurmeet Ji worked 24×7 , without caring of himself. He is the person who have been stepping in to help during the pandemic and they all have been a portrait of selflessness and optimism to this society.

Gurmeet Ji believe that our selfless acts or Sewa in any form must be done to save humanity, Sewa require a true heart and helping nature which will bring both helper and victim happy. During the tough times of coronavirus, Gurmeet Ji and his volunteers came out of their comfort zones to help lakhs of migrants workers who wanted to go back to their hometown during the COVID-19 lockdown. So in that  time  when the world undergoes such vast pandemics which affects all the person Whether it’s a small or large donation of money, resource or humanity, each things matter.

During the tough times of coronavirus, when everyone was thinking of themselves First, Gurmeet Ji and his volunteers came out of their comfort zones to help lakhs of migrants workers who wanted to go back to their hometown during the COVID-19 lockdown.Despite of being older in age,He did not let himself to be inside house and watch news of the suffering surroundings but he helped as many people as he could during the crisis by arranging food, buses, trains and most importantly by giving a warmth of love and care.He created a large team just to help the peoples in problem and inspired many others to do so. We can say that there are many things which has spread faster than the coronavirus during the pandemic, it has been the noble works, fearless steps, selfless service and recognition of Gurmeet Ji and his supporters who continued to work day and night to save other’s lives by risking his own and his family’s health. They didn’t even meet their family members and specially children for months,for their Safety and some even spend nights in their vehicles and outside home to assure that the virus doesn’t spread further to their loved ones and family members. Government took various steps to save our nation from the bad impacts of corona spread and one of them was lockdown. Lockdown was done to stop the spread the corona in nation but it resulted in great losses.when lots of People were on Roads, lots have nothing to eat and some were not having anyone for their care, without any money and food thousands of People covered thousands of kms on their feets, with their families and whatever they had earned in their lifetime, there comes some unknown super heroes of our society who helped them selflessly.

Their faces get rashed by the mask marks, they continuously took medicines to save themselves and others too. They maintain distance from their own members in order to help other persons to reach their destinations. In the bad times we get to know about many such People and These are the people who are helping in restoring humanity’s faith by coming up with novel ideas and their great works which inspires whole society to come ahead. That was the time when a number of labourers, their children and other family members were forced to return back to their places but Gurmeet Ji risked his life to save theirs.He started his service with providing cooked food as langar sewa and later switched to dry rations too, with the objective that people in need should not go to sleep on an empty stomach and they must not loose their hearts and continue their journey with less problems. It’s very hard to find such person in this crucial time when everyone put themselves first but Gurmeet Ji believe in his teachings and said “our panth has taught us the lesson of jan sewa, and we will continue this legacy till our last breathe.”

All the people who helped any of the person in need will be in their memory for forever as they made them believe on brotherhood and humanity in such a Crisis. It is beleived that in when some person get trapped in trouble even your shadow leave your side but the persons like Gurmeet Ji taught each and every person of society that we Must help each other to maintain love and care in society which will make then believe in the existence of god. If God has given you the power and resources to help others you must move forward as your one step can change anybody’s life.Gurmeet ji said that “our great sangat give us the teachings of sharing whatever less or more you have and These teachings which I started learning since my childhood inspired me to help my brothers and sisters of this society. ” He further added that he feel so happy and blessed that he could be the reason of anyone’s little smile. He requested everyone that even Your small step can save someone’s life and make them beleive into humanity and brotherhood.He started his service with providing cooked food as langar sewa and later

 

switched to dry rations too, with the objective that people in need should not go to sleep on an empty stomach and they must not loose their hearts and continue their journey with less problems.

He also set up camps and volunteer help alongside highways and by roadsides, just to provide relief and support the migrant workers going back to their places in UP, Bihar and even farther. It was clearly seen during the pandemic when thousands of people were going towards their villages with their small children and had nothing to feed them, at that time Gurmeet Ji provided them food ,water and other necessary items which brought  beautiful smiles and tears of happiness in their eyes as they never expected that in this crucial time there could be someone who will act as a survival medium for them.

At that time many warriors came in the front line to help the society. Despite being senior in age Gurmeet singh Shunty ji, was the Person who came out of the house when everyone was locked. He was standing in the crowd to help them reach their houses and made  very hard decisions at the right time.

We need to Recognise these Heroes so that they could work more and more for the welfare of this society. We need to Recognise these unsung Heroes so that they could work more and more for this society as “this society is all about give and take.”  They have given millions of smiles and its our time.They must be appreciated for their noble works to boost such works of brotherhood. They have given millions of smiles and its our time to pay them back.

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