Insights

Can Covid-19 be called as the disruptor of Real Estate Business as we look at it now? Yes, very much so. Pandemics or disrupting events have happened many times in history. 15 to 25% of the population of different zones/countries was wiped out many times due to pandemics/wars e.g. Bubonic Plagues, Bengal famine in 1768-70, Spanish Flu, WWII, etc. within the last 500 years. But every time, the world bounced back and came out even stronger than before, proving that the human race is resilient, and its memory is short. Even after 9/11, people said that they would stop Air Travel but started traveling soon after. However, in these times things are different – which might cause a seismic shift for Commercial Real Estate. The World has a new facility & tool available i.e. going digital and working from the safer environment of Homes. There were some challenges associated with working from home before this pandemic happened:

Over the past few years, many companies in the real sector have taken action to reduce the environmental impact of buildings.  The government of India along with state governments is making efforts to help support sustainable development.  The government of India is trying To play a key part in lowering the current global emissions trajectory, supporting adaptation to climate change in cities, reducing pollution and damage to the natural environment, and promoting the principles of the circular economy where possible.

The other most common practice nowadays adopted by developers to award the contract on a lump-sum basis to safeguard against any cost escalation during the construction phase. They also put the clause that even if building material cost increases up to 10% during the construction period, there will be no claim from the contractor side. In this situation to minimize losses, sometimes contractors also compromise on quality by using cheap formwork material, less experienced staff, and not following proper work sequence for the best result.

I can remember the security situation before 9/11 at the airports. Passengers would breeze through. Our friends and family too could come to see us off … almost up to the plane. It was a different world. But once the Twin Towers came down, a new normal emerged. What we are used to today at airports is the new drill that we are now all used to. And … we are at an inflection point again. Only this time, our enemy is an invisible, microscopic virus that spreads through close contact. So, the way to fly from our airports will become ‘touch-less’ and ‘interaction-less’ … yet another new normal.

There is neither dearth of intelligence nor dearth of passion. There is neither dearth of ambition nor dearth of commitment .“INDIA SURELY HAS the TALENT TO CREATE GLOBAL SUPER BRANDS“ WE JUST NEED TO DO IT RIGHT INDIAN ENTREPRENEURS can also build Brands like FORD, GE, UNILEVER, SONY, APPLE ……………. Brands that are not NATIONAL but GLOBAL, Brands which are TIMELESS. For India to become a Superpower we definitely need to have products and services which are Globally recognized.

Affordable housing was truly defined as housing for people whose income is below the median household income. Over the period of time the definition of affordable housing has been expanded for EWS, LIG, MIG I, and MIG II Under PMAY (Pradhan Mantri Awas Yojna) there is an interest subsidy available which aligns well with the Govt goal of Housing for all by 2022 100 projects under various stages of construction and another 150 projects ready to be launched this year (I hope there will be a proper demand and supply study

The home buying decision is one of the important decisions of life and for most, it is a MILESTONE achievement. A home purchase is a capital-intensive investment and hence it is all the more important that we take a thoughtful decision rather than just taking an emotional plunge Having sold more than 10,000 apartments in my real estate career I have seen many facets of home-buying decisions going awry hence for the benefit of “ YOU “ HOME BUYER I pen down checkpoints before you make a final decision

Different people express it differently -> some say it is one of the most celebrated human bonds between a man and women, some say it is one of the milestones in the journey of life without which the life is incomplete and the experience hollow, some classify marriage as a pious bond. Marriage truly binds body and soul and completes the need for companionship – togetherness.