A paradigm shift in real estate industry
With Covid-19 pandemic and the subsequent lockdown, industries and sectors across the board have seen facing uncertainty. Adding to that are a flurry of restrictions and an overall cautious sentiment since the last couple of months. These have impacted the mindset of many potential investors.
Gaurav Kakkar, a real estate strategist and sales influencer operating in tricity, sees it as a temporary halt. In fact, he sees it as a golden opportunity for real estate investors and developers alike in the region.
“The disruption caused by Covid-19 will push demand for gated communities with a self sustainable ecosystem,” he says, adding, “People, especially the salaried class, have accrued a significant amount of savings and will now look for an attractive form of investment to put their money into. And with this, there will be a flurry of great developments and projects in market as soon as the restrictions are relaxed by the government.”
“This will result in young families trying to seek out residential properties where the environment is controllable, safe and secure; complete with amenities that reduce the need to venture out,” says Gaurav.
Sharing his insights on why India, and the tricity region in particular, will revive and show extensive growth without a doubt, Gaurav says, “In the current global scenario, India and the region will become a favourite destination for commercial projects and industries with major MNCs such as Apple deciding on setting up their manufacturing units here. This in turn will propel the demand for industrial plots to which the region can cater to.”
“All of these factors will contribute to a design evolution in terms of new developments and projects in the region as business centres will be a common feature within gated communities and building clusters providing a sense of safety and security.”