Home Interview of Experts Around the World
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Anil Kumar DhopeCountry: India
City: Jabalpur
Position: Real estate Valuer
Organization: Self
| Choices | A lot down | Somewhat down | Stable | Somewhat up | A lot of increase |
| Agricultural land | |||||
| Urban land | |||||
| Office | |||||
| Shopping | |||||
| Industrial properties | |||||
| Hotels | |||||
| Resort properties | |||||
| Rental housing & rental apartments | |||||
| Owner-occupied apartment or condominiums | |||||
| Detached houses, rowhouses or low-rise residence | |||||
| Residential land subdivision | |||||
| Retirement living | |||||
When will the property markets recover after Covid-19?
2023 or Longer
What are ‘new normal’ in real estate in your opinion?
Even the agriculture land is down. Nobody is coming forward to invest. Already developers have invested and developed to much spaces, which is good for next 5-8 years. Only new development will see the investors to invest in lands, wait for signal to develop.
How should we adjust ourselves in real estate business?
It should be wait and watch policy and invest in lands for future developments, where long time returns are possible. Office /hotel space to convert for residential use in small furnished apartments.
Which sectors are you in? (multiple choices)
Developer, Property Investor, Appraiser / Valuer
2020 Interview of 173 Experts around the World on Covid-19
Reason: Employment decreased, big offices took the decision for work from home. Many offices and establishments closed. Airlines standstill. People could understand, they could manage in small needs. Lot of spaces got vacated. So demand for real-estate decreased.