26/09/2020
Real Estate Sector amidst Covid pandemic in the Year 2020 has seen several different phases and it has been nothing less than a roller coaster ride for the Real Estate Professionals, Buyers and the Developers.
The First quarter of 2020 saw a great appetite for commercial investment by the Investors. With the likes of leading commercial developers like Bhutani Infra were indeed leading the market with flying colors over other developers. Their extensive branding, customer friendly payment plans and commitment towards well paced construction have placed them at the top of their league.
In the second quarter The Worldwide Covid-19 pandemic entered our nation and the nationwide lockdown was enforced. This period came along with fear, anxiety and a distrust among the investors.
This period saw a major section of salaried employees losing their jobs, getting paid only 50-70% of the salary or in some cases no salaries at all. Most of the salaried employees are not native to NCR and come from distant places thus they mostly live on rent. Salary cuts and lost jobs made it more difficult for such people who were living on rent. Such situations germinated the need and importance of owning an apartment/flat/house and came along the queries and demand for Ready to Move In residential properties.
This period also out shined Yamuna Expressway and investment opportunities near upcoming Noida International Airport especially Plots in Tappal area on the Aligarh Palwal Interstate Highway. Developers like CBPL were litterally Immune to the whole Pandemic Situation as they are offering plots with price starting Rs. 12 lacs in their project Mount Attalia and they only saw an upward trend in terms of queries and no of sales. Investors from all over the country and abroad has shown keen interest in developments around the upcoming Airport which is going to be the largest airport of Asia.
This area has been seen as a golden location and a golden opportunity for Capital Appreciation in the long term after all we all have seen how real estate has grown at remarkable pace in Gurgaon.
This period also ignited a thought in everyone's mind. The importance and need for a Secondary Income. I call this income "The Evergreen Tree Fruit" of the Real Estate Garden i.e The Rental Income. The need for a rental income to support your basic living saw and upward trend. The Owners of Commercial Properties also understood the importance of Established bands as their tenants as none of the Big and Established Brands delayed their rental dues and commitments. Though other owners faced delays and non payment by the tenants. Therefore creating a huge demand for Pre-Leased and Minimum Lease Assured commercial properties such as Spotlite Mall in Raj Nagar Extention offering commercial shops with Lease Guarantee of Rs. 120/sqft.
along with the third quarter came the Post Lockdown period in which we are presently living in. This period can be simply defined as a Game Changer Period. With limited resources to spend on marketing and other activities while some developers are more focused on Customer Centric offers and discounts but the one's who are really turning the table around with sales figures are the one's who along with offers are also using each penny earned on the construction, development and completion of their Projects like Grandthum by Bhutani Infra, Spotlite Mall ( Raj Nagar Extention) by Spacetech, Golden-I by the Ocean Infra Heights and Mount Attalia (Tappal) by CBPL.
With festive season on its way In my view the last quarter of 2020 is going to see very positive and record breaking investments in Real Estate history.
Major investments will be seen in the following :-
1. Ready to Move In Residential and commercial Spaces.
2. Running Commercial Projects with undelayed, swift and visible construction backed by Rental Guarantee and Brand Tie ups.
3. Investment Opportunities around upcoming Noida International Airport.
Stay Safe and Best Regards
Kamal Sarna
9818510716
Gulmohar Propmart
