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2021 Interview of 429 Experts around the World on Covid-19
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Ashish SaweCountry: INDIA
City: DELHI
Position: Director
Organization: Indivalue Advisors Private Limited
On the whole, what was the percentage change in housing prices in your city during end 2019 to end 2020In your opinion, what will be the percentage change in housing prices in your city during end 2020 to end 2021
When will the property markets recover after Covid-19?
| Sector | Answer |
| 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 |
|
| Overall Assessment for your country |
|
What are ‘new normal’ in real estate in your opinion?
Work from Home is the New Normal. Employees are asked to come to office on alternate days, henceforth office space requirement is reduced in approximate range 30% - 40%. Except for essential services, major items are now online delivered. Requirement of smart homes in Residential space is now need of hour, since it requires least of human intervention.
How should we adjust ourselves in real estate business?
My opinion - A) Builder - Creation of smart spaces 1) Residential- creation of compact spaces externally separated from other nuclear units, internally least contact of support staff 2) Office space- Reduced office hours for employees, although office to be opened for extended hours for shifts 3) Shopping - spaces to be constructed with utmost hygiene, avoid any Queue forming situation. B) Lender - ease out lending norms for buyers C) Landlords - Reduce rentals for tertiary service provider.
Which sectors are you in? (multiple choices)
2021 Interview of 429 Experts around the World on Covid-19
