June 1, 2020

Real-Estate Sector to overcome the slowdown within 6 months

Rakesh Reddy, Director, Aparna Constructions, For TOI and Magicbricks

The recent policies by the Government have allowed the work to be resumed at construction sites, which gives an opportunity for the Realty Sector to grow and overcome this slowdown. Our Director, Mr. Rakesh Reddy, along with some other experts from the sector had a discussion on the said topic, that was covered by The Times Of India and Magic Bricks. Here are a few things you must know:

  • The Prognosis for 2020: The office spaces are expected to expand by 7-7.5 million square feet, which will increase job opportunities, and hence will also drive more demand for residential spaces in the future.
  • Policies that will benefit the Sector’s Growth: Many realty sector experts have stated that Government Policies will benefit growth. Appeals are being made such as a 20% increase in credit limit to developers and extending the benefit of the 2.5% repo rate to help the sectors regain their momentum.
  • Stability in Sales: Aparna Group has noticed the sales stabilize by 60% during the month of may when compared to the pre-pandemic period. The sales may go up in the coming times too.