Real Estate Sector – New Optimism in 2021

As we are foray into the last month of the year 2020 which predominantly went on to become a Covid-19 year of pandemic, we explore some positive signals in the dawn of the next year 2021 which may bring back on track the growth trajectory of real estate sector in India.

Due to lockdowns and impending slowdown in the economies of the world, the Real Estate sector has been hit hard as well. The Malls were closed down, Hotels & Commercial buildings remained vacant for many months, and inventory of residential apartments bloated up and had a severe impediment on the lease and rentals as well. But as the major economies of the world are planning to bounce back into the mainstream once again with more thrust and an optimistic roadmap. India is now preparing to join into the bandwagon once again and infuse fresh energies into the real estate sector in the year 2021. The gap created due to this sudden crippled the construction sector which ranks third among the 14 major sectors in terms of direct, indirect and induced effects in all sectors of the economy.

Office space has been driven mostly by growth in Co-working, IT, BFSI…