Commercial Real Estate Projects in India post covid 19

Since the Covid 19 has entered into the India, every sector is closed as the Indian Government has impose the Lockdown to reduce the impact of covid 19. Like every other sector of Indian market, Real estate sector is also has the bed impact of the covid 19 lockdown. There are many Residential & Commercial Projects in India are under construction and has stopped the construction due to the lockdown.

Commercial Projects in India

The Indian real estate sector has deadly impact of the coronavirus pandemic. But this pandemic may have some opportunities for buyers in this situation like the other bed segments, as several cash-starved developers with unsold inventory can sees the property price to sell their unsold inventory, which could be beneficial for the buyer’s.

 

While luxury Residential housing projects may cut 20 percent reduction in prices, we will see the major impact on the luxury projects instead of the low budget projects. Or the developers would offer freebies to buyers investing within the mid segment. If we talk about the Commercial Property in Noida then there are only few commercial project are under construction, which can be reduce the prices of the Commercial property or they will give some incentivise to the Customer to attract. There is a Commercial Project Golden I Noida Extension, which has introduces the new payment plan with 12% assured return till the time of Possession with Axis Bank Guarantee & assured rental income pose possession with 8% per annum rental guarantee. The developer also has launches other payment plans for small investors.

Commercial Project Golden I Noida Extension

As per the experts view Affordable housing may also sees the moderate price correction of 5 to 10 percent and the volume will also go down. For instance, a villa property in Mumbai’s Worli area is within the marketplace for a couple of months now. the customer had bought it for around Rs 40 crore a couple of years ago and was willing to sell it for about Rs 30 crore four months ago. Today, he’s willing to sell it at Rs 20 crore and yet there is no any buyer to purchase this property.

 

According to the sources HDFC Chairman Deepak Parekh recently said that he sees a 20 per cent drop by property prices of unsold residential inventory in India. He also advised to the developers to sell your unsold inventory by hook or crock to reduce the stock & bank debt. He also said that some of the developer would face the bad effect of this unsold inventory in near future. Some of the developer also facing this problem in Commercial Projects in Noida like Bhutani infra developer has is almost ready to offer the possession of the Alphathum Noida project and have a large no of unsold inventory. To reduce the burden of the unsold inventory they have launches the new special payment plan where the investor only need to pay only 5% at the time of booking of the property rest he have to complete within 180 days after the possession of the property. So we can sees many tremendous changes in this tuff period. Well if the developer is ready to reduce the price of the unsold property then we could see some buyers in the market, but those developer are not agree to cut the prices they will face the very large issue in future. But specially we could see some buyers in Noida if the prices cut down in some of the Commercial Projects in Noida.

 

An analysis by Liases Forbs has also predicted that property prices may come down by 10-20 percent across India, while land prices could see a good higher reduction of 30 percent. So there could be a big impact on the Commercial projects in India, because some of the developer is not able to develop the hold projects without the selling of the property or without the bank loan. This is the very volatile time in real estate sector in India that non of the bank is in the situation to give the loan to the developers.

Office Space For Rent in Noida Expressway

Luxury residential projects must offers the discount in prices across the country, according to the situation and the inventory status builder have to pass on the 10 -20 % discount to the consumers. Specially commercial property is not the need of the buyer but if will get the some good offer or see some rental income form the property then he could invest in commercial property in India. If we talk about the Retail Shops in Noida then there was very high jump in the prices in the retail shops in last few years back and the property goes up to 3 folds in few years, but for last 2 years the speed of the price increase is slow. We have seen a very high rate cut in rental income also in Noida & Gurgaon city in office space or in the retail shops. There is some instance where the tenants are not paying the rent since the lockdown was imposed and many of the small It companies or start-up’s has vacant the premises within the lockdown period. So we could see a be very big downfall in the rentals in Delhi NCR”s area. So if you are looking for the Office Space For Rent in Noida Expressway, then you may find the office space at the lowest price or at a very good discount of the prices before the lockdown.