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REAL ESTATE CONDITION AT COVID TIME
- 1. HOW REAL ESTATE SECTOR AFFECT BY COVID-19 (PROPERTY) Firstly I must assure you all from my views you will get to know more about it
- 2. Before I start it... I am telling you a general point that What real estate is? "Real estate is the business of being mediocre between the dealer and buyer of property on a commission basis". In simple words Its Briges the gap between dealer and a buyer.
- 3. Now imagine with me.... There is a land , which including the air above it and ground below it, and any buildings or structures on it , it's called realty this is definition of real estate As you can see my screen
- 4. REAL ESTATE
- 5. Corona has made its home all over the world and the house builders sit in their house. Is it right yes
- 6. As we all know we are in the middle of a severe humanitarian crisis the coronavirus pandemic is not just the health emergency but the economic emergency as well the covid outbreak had severely affected the real estate and construction sector of India.
- 7. Its a twelve billion dollar economy. the real estate is very badly affected it's as we must be aware it consists of 7% of the GDP of the country. it employees 15% of the labor force of India so obviously with the lock down it is severely affected it's a labor intensive industry and affects 269 other industries along with it because its resources materials of different kind from iron steel to nails to the smallest of small items which go into the building industry...
- 8. Regulated By I am taking an example to know more about real estate regulation
- 9. Under Modi Jii government Launched on 1 May 2016.
- 10. As we all know that future is an unpredictable "no one can predict it", as covid is an unpredicted that has spread over India.
- 11. It is clear by now that the Covid-19 pandemic has forever altered the way we live and work. Our offices, our homes, our outdoor spaces, every place has been impacted by the virus. Each and every sector of the economy, including the healthy sector, has been hit by the novel coronavirus pandemic.
- 12. So in that case, if someone has a dream of own home what will do they?? The audience please answer... your answer definitely will be nothing.. because each and every sector is affected...
- 13. We know that House is the dream of every person in the world, but it will be a dream again even those who were just near by it and they didn't get it also... And The lockdown has also reinforced the importance of owning a home because it is probably one of the only places where one can feel safe and secure.
- 14. So This because of Covid yes or no... Your answer can be yes Because we can't do anything because the future is unpredicted and it will happen and because of it all the working sectors under it also closed.
- 15. There was no way to get any raw materials, iron steels to the nails, electric appliances, and many more things to complete a site it was impossible because of these someone's dream became a dream. We if have empathy So it's quite Unswallowable for us yes or no.. for me its yes its unswallowable.
- 16. But my answer is no there was an opportunity to buy your home but no problem as warren Buffett said "Buying A Home Right Now"..."will be the best opportunity in your lifetime". 1. Supply side factors positively influencing the market 2. Home loan interest rates at record low 3. Better Government support: Faster recovery in cities 4. Demand side enablers 5. Real estate a stable asset 6. Property available at reasonable prices 7. Better Deals
- 17. We know that time is mightier than all, and that time was bad for someone and this same time was good for someone so there were some persons who get benefits under this crisis 1. Home buyers were taking advantage of home loan because of lowest interest. 2. Tenants were also taking benefit of giving less payment of rent say yes or no audience... I am right or wrong. I am telling you all with an examples
- 18. BOOM Now I am taking about pre covid situation High capital inflows High construction Activity High occupancy rates High property prices CONTRACTION Now I am taking about post covid situation Capital Outflows Low construction Activity Low occupancy rates Low property prices Now I am talking about pre or post covid situations
- 20. Now we are taking about real estate we must know what includes it
- 23. POSITIVE
- 25. We are living in a resisdent sector and what if other can't live when we are talking about realestae its aim is importabt to know
- 26. NEGATIVE
- 27. If we have a dream to buy our own house and we don't have job security Reason s we wanted to go out and see the malls and all how can we do
- 29. So thats all, Thank you everyone for seeing hope so I can Increase in your knowledge Conclusion