Home Interview of Experts Around the World
-
Nilesh SuchdevCountry: India
City: Rajkot
Position: Proprietor, Architect, Valuer, Consultant, Arbitrator.
Organization: Suchdev Associates
| 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?
2022
What are ‘new normal’ in real estate in your opinion?
WFH, hence larger areas, more rooms, audio & video compartmentalization, entertainment and fitness areas in high end condominiums. Lesser office density, but overall same office space requirements. Contact-less entries.
How should we adjust ourselves in real estate business?
Have patience.
Which sectors are you in? (multiple choices)
Appraiser / Valuer, Other Property Consultants, Other, specified
Other, specified: Architect, Valuer, Consultant, Arbitrator.
2020 Interview of 173 Experts around the World on Covid-19
Reason: Demand has dwindled. Ready supply is reasonably big, varying across sectors and locations. Ongoing projects are stalled due to lack of migrant labor. Cash is king, and hence not investment coming into real estate. Where required, rental properties available. Tier 3 location, with major real estate in few hands, hence cartel decision not to reduce prices. Secondary market sellers giving discounts.