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Indian real estate prepares for re-entry to the Next Normal Economy

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The office sector is expected to lead the recovery cycle The green shoots of recovery in residential real estate will be in tandem with overall economic growth Top developers surveyed are reviewing Common Area Maintenance (CAM) charges discount or waivers In the larger markets of Delhi NCR and Mumbai, developers are open to discuss extra rent free period in cases of new deals. Similar trend seen in Chennai and Kolkata Majority of the construction activity has largely resumed across the cities except Chennai where it has been slow India’s real estate will experience a paradigm shift as the country re-enters the COVID-19 world and the national economy feels the impact of the pandemic. According to JLL, real estate occupiers and investors will receive some respite via the USD270 bn Government of India COVID-19 relief package, but will need to reconsider pre-crisis priorities and accelerate new strategic initiatives to adapt to a “Next Normal” in Indian economy. All segments of real estate
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Covid-19 is an opportunity for India to rediscover itself..!

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In today's globalised world, there is hardly any place that has remained unaffected by the severity of the Novel Coronavirus or the Covid-19 pandemic. Almost every commercial activity is suffering at the hands of the ruthless Covid-19. Because of the inherent nature of business activity, some industries may unwittingly prosper under the pandemic, while some would weather the storm, albeit with much difficulty, but of the hardest affected, construction and engineering sector is definitely on the wrong end of the curve. ‘COVID & National Motif Of Subjectivity To Conquer The Pandemic Present Crisis’ Prime Minister Narendra Modi held a meeting on April 30 to develop a strategy to attract FDI, particularly foreign firms wanting to move out of China, to boost investment. In fact, the Indian government is reportedly in the process of identifying and developing 4.6 lakh hectares of land, including 1.1 lakh hectares of existing land in industrial areas, and planning fiscal incentives i
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