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The interdependence of supply chains, migration of laborers, cost overruns, and liquidity constraints are some of the looming challenges.

For more, visit - https://uppereast97.com/

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Why Invest In Real Estate Amidst COVID-19?

With more than 15 lakh cases and 19k plus deaths, the coronavirus pandemic has shaken the Indian Economy. Various industries including agriculture, education, food, and supply chain management have been severely affected. The real estate market for properties in malad east too experienced a downgrade in property sales. This blog gives a brief on the key elements of the state of the real estate market in this pandemic. 

It will highlight topics as:

The current state of real estate in India

Investment opportunity in crisis

Future predictions by experts

Current position of real estate - India

The price drop in real estate

The coronavirus pandemic has compelled real estate developers to offer discounts and better packages to enrich their sales for 1 bhk flats in malad east. It is estimated that the housing revenues have dropped down by 75 percent after the fatal COVID-19 took over the nation. Union minister Piyush Goyal also asked the developers to not depend on the government to bail them out. “We are trying for some concession but if not, you will have to sell. Now, it is up to you. I cannot be more explicit about it. But unless you reduce your rate, believe me, you’re stuck with your material,” said the union minister. 

The leading banker Uday Kotak also added “They should not be looking at the rear-view mirror while driving a car, but looking in front. If the prices drop, people who have not bought homes for decades will do so.” Even HDFC chairman – Deepak Parekh advised real estate developers to offload their stocks as he expects a 20 percent drop in property prices of unsold residential inventory. He stated, “Prices of real estate have to come down, and will come down.”   

Experts also predict that developers may offer GST and stamp duty waivers or additional gadgets as a medium to boost their sales for property in malad east. They also predict the Luxury residential real estate market in Mumbai to experience a dip by 5 percent. The demand for ready-to-move-in homes has significantly increased as compared to the ones under construction. Due to the social distancing and other preventive measures issued by the government, the construction work has taken a halt. The public is well-aware of this situation and is fearful of the timely completion of real estate projects. Ready-to-move-in homes are currently trending and believed to be the best investment opportunity in these times. If you are looking for safe and credential residential real estate investment, then Prima Terra would help you get through the process effectively.  

Digital sales

The coronavirus pandemic has compelled the nation to stay at home. This state of emergency has, however, given rise to the use of the digital platform to grow real estate sales.  Real estate companies are now strengthening their digital game to promote their listings to a majority of the audience. The internet has now enabled consumers to view a site online and move forward with the purchase of 3bhk flats in malad east. Moving to an online platform is believed to bring a rise in sales and lead generation as well. A website with clear property images, mentioned amenities and locations are also well appreciated by people.   

Developers are now believed to be focusing on digital marketing strategies to up their game against their competitors. The availability of online payment options also forges a change in the traditional method of purchasing real estate. A report by Magicbricks PropIndex stated that consumer searches had witnessed a 5.3 percent growth during the first quarter of 2020 and that small size and ready-to-move-in units were trending throughout.  

Investment Opportunity

Sense of Security in chaos

The sense of security that an owned physical asset can provide during these times of emergency and chaos has led the millennials to choose the path of real estate investment.  Experts also suggest that property ownership has now become a priority rather than an optional investment. The uncertainties like the pandemic which trigger loss of employment, lack of food, and no means of travel, make lives more difficult for the rent payers. Purchasing a home ensures a secure shelter with less worry about increasing expenses.    

Bank drop repo rates

Repo rate is the rate at which the central bank lends money to the other commercial banks. The Reserve Bank of India recently responded to the COVID-19 crisis by reducing the repo rates to 4 percent. A fall in repo rates allows commercial banks to reduce their interest rates on lending. This reduced rate on lending will further allow the EMI on the consumer’s loan to decrease. The loan EMI’s are believed to get cheaper especially home loans that are linked to the repo rate. 

For borrowers whose loans are linked to repo rate can expect a decline in their EMI’s in the next three months. This is because as per RBI's circular on linking of loan interest rates to an external benchmark dated September 4, 2019, the rates have to be reviewed and reset by banks at least once every three months. Therefore, today's rate cut will lower a borrower's EMI outgo in the next three months. 

For borrowers whose loans are linked to the MCLR will benefit only when their bank reduces loan rates as MCLR is dependent on external factors such as rate cut and also on the internal factors of the bank. 

The Finance Minister, Nirmala Sitharaman in the Atmanirbhar Bharat Package, announced the extension of credit linked subsidy scheme (CLSS) under Pradhan Mantri Awas Yojana till March 2021. This package will make new loans cheaper too. 

The future of real estate post COVID-19

Experts believe the demand for property in malad east  will rise after the pandemic has settled down. People realizing the value of an owned real estate asset will likely want to purchase a safe and secure house with a clean and hygienic environment. They also expect a rise in properties with gated community plots as they enhance more security and safety. Digitization will become a major element of real estate investment to reach a potential buyer, thereby enriching the real estate sector.  

Numerous situations are expected to arise post-COVID-19, however, the one advice that remains constant from the experts is that this is the right time to invest in property. This time of crisis is fortunately believed to be the best time of buying a property due to the favorable circumstances. Millennials especially are bound to purchase new homes to efficiently tackle a possible crisis situation in the future. The use of the digital platform to promote the sales of real estate will inadvertently increase the involvement of technology in the real estate business. 

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This graphic provides some effective assistance for the professionals to find the best properties in malad to build its workspace at home. For more details, please visit - https://uppereast97.com/

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The freedom of working in a comfortable environment allows employees to be happier while performing their work obligations. The digital advancements in 3  bhk flats in malad east have made it possible to commute effectively with the help of the internet and electronic devices.

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4 Tips To Establish Your Home Workspace For Maximum Productivity

COVID-19 has laid down some new rules for people around the world. Work from home is the need of the hour. But is it easy for everyone? This blog provides some effective assistance for the professionals to find the best properties in malad to build its workspace at home. The blog will highlight key elements like:

Effective tips to build home workspace 

Benefits of work from home

The pandemic of coronavirus has given a new definition of a normal lifestyle to the world. Now, work from home is a mandatory requirement established by the government to minimize the harm of COVID-19. This new norm might be seamless for people whose profession allows them to work from home, however, it did bring terrible adjustment issues for professionals dependent on the office space. 

4 tips to master your home workspace

A strategy can help you ease difficult tasks. Break down your hassle of working from home with the key measures given below:

1. Pick your spot

Before you begin with your work, choose a space conducive for you. If you have a room for yourself, well and good, but if not, select the most peaceful location where you do not expect to be disturbed. Distance from the kitchen and television would be the best option as you won’t be tempted with distractions. 

Also, choose your spot with easy accessibility of electrical support to keep your devices working without the hassle of leaving your space consistently. Select a space such as 2bhk flat in malad east, where you can avoid or at least lessen the disturbance of outside noise. Working in a green space with plants around can also help keep a pleasant ambience throughout. Your spot should have enough space to fit your work essentials along with a few personal essentials like water, medicines, pen stand, and work files. 

2. Invest in the right furniture

You will be spending considerable hours working, hence, you must choose a piece of furniture for everyday use, so you don’t waste time selecting one when it's work time. Invest in the right furniture to not cause any harm to your body. 3 bhk flats in malad east offers residences with special office spaces that ease your hassles of working from home. 

Backaches and body pain is a common complaint by people who are engaged in one seat for a long time. Sofa beds and stools don’t make comfortable seating arrangements and you would either feel sleepy or tired by shifting time and again. Invest in a comfortable desk and an ergonomic chair if possible. It will help to relax your back and cause no strain or discomfort. Keep your desk clean and manage the space efficiently so you do not lose any vital elements. Allot the desk space to each item so you don’t waste your time with a search party for lost items.

3. Planning

Plan your workflow before you begin your work. Prioritizing your task workflow can present a clear view of which task would consume enough time and which task would require more time for completion. Prepare a task list and schedule your workflow accordingly. Keep a timeframe for your personal vital activities. 

Keep a notepad handy to scribble any important changes in your schedule. If you are expecting any video calls, prepare the wall behind you to be decent and civil. Allocate sufficient time for your home activities so they don’t distract you while you work. Try to maintain a routine habit of making your to-do list to avoid the breaking of habit. 

4. Rules

Create a set of rules to prevent distraction. Request your family members to maintain low volumes of entertainment devices when you are working. If there are children in the house, keep them away from your working space and devices. Organize your routine by careful observation of all your daily activities and creating an effective barrier for all the disturbances they bring along. 

Setting rules might be time-consuming but it is a one-time investment that will require daily practice to perfect. Follow strict resistance to social media until your work is complete. Avoid notifications of applications that do not serve your working 

The above-mentioned measures have included all the key elements that can help you ease your struggle while working at home. Work from home has strong possibilities of becoming the new normal. 

Here are a few benefits of working from home:

Benefits to the Employer

Employers have two major concerns when it comes to the delivery of productive output. The expense and the employees. The management of these two factors decides on the smooth functioning of an enterprise. 

1. Reduced cost

Work from home can allow the employer to reduce overhead expenses. The employer can save on office stationery, furniture, electricity bills, devices for new employees, and pantry items like coffee and snacks. Property in malad east also offers rental working spaces. The employer can also save on the rent if the office is a rental space. They can save on regular cleaning and inspection expenses, the cost of accidentally broken, or replacement of obsolete devices. 

2. Increased employee loyalty

Employees working on flexible schedules are believed to perform better. They are less stressed and more active as they are in an environment of comfort. One Stanford study found that employees who work from home are 13% more productive compared with their in-office counterparts. Increased employee loyalty brings you reduced turnover. Your professionally satisfied employees would be a part of your enterprise for a long duration of time. Applying digital technology to the best use can be a breaking point for success. 

Benefits to the employees

1. High morale

The freedom of working in a comfortable environment allows employees to be happier while performing their work obligations. The digital advancements in 3  bhk flats in malad east have made it possible to commute effectively with the help of the internet and electronic devices. It is easier than it would have been. The employees can save money, time, and energy on traveling to the office. This further allows employees more work time with renewed energy and a satisfied heart.  Employees can, however, maintain high morale if work hours are not stretched.

2. Time management

Employees can manage professional and personal space more effectively working from home if done right. The time office goers can save on travel, office politics, and gossip would inadvertently be now utilized for family and personal development.  Employees can focus on the core requirement from the employer and spend time wisely where necessary. 

Though it reached fame in the rise of a pandemic, work from home has also been instrumental in enriching the environment by reducing the damage done by humans. Work from home is environment friendly and should be considered as a preventive measure to prevent further damage to nature. 

Sources

https://www.entrepreneur.com/article/253896

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Bravo! Now that you have decided to buy yourself a house, let me guide you through some important elements to make your decision worth.

One of the most significant choices throughout everyday life is buying a house. Buying your first home can be challenging, however it may be somewhat scary, as well. 

All things considered, this is more likely than not the greatest budgetary move you've made hitherto. Having a house, which you can call your own, is a fantasy satisfied. 

This infographic provides you 3 key factors listed that can help you select the best properties in malad -

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Top 3 factors to consider when buying your first home in Mumbai

Bravo! Now that you have decided to buy yourself a house, let me guide you through some important elements to make your decision worth.

One of the most significant choices throughout everyday life is buying a house. Buying your first home can be challenging, however it may be somewhat scary, as well. 

All things considered, this is more likely than not the greatest budgetary move you've made hitherto. Having a house, which you can call your own, is a fantasy satisfied. 

Below are three key factors listed that can help you select the best properties in malad -

1. Location -

Planning a property investment, ensure that your apartment is well connected to the roadways for a seamless travel experience. Invest in Upper east 97 and enjoy amazing spaces with great connectivity. Easy and hassle-free connectivity to all 3 modes of transport is the attribute of a perfect house with 1 bhk flats in malad.

2. Amenities -

Amenities define how amiable your life will be. Luxurious spaces that will enrich your daily routine with a dash of exquisite and glorious surroundings and finest spaces that elevate your living in a positive and exhilarating manner. Such grandiose residences come with the best in its class amenities. 

1 bhk in malad east offering -  

Gypsum finishes on internal walls

Velvet/luster paint 

Concealed wiring, premium switches, and accessories

TV cable, air conditioning, telephone and ample points 

Modern Security Equipment

Sr. Citizen Area

Entertainment Zone

Amphitheatre

Golf Put

Lounge Deck Area

3. Finance - 

The primary question is whether you are willing to do investment in real estate for future benefits or you are looking for residency purposes. The purpose will define the money you need to save. If you are looking for residency.

Setting your monthly housing budget apart from sale price and home loan you also need to consider below given factors -

Property taxes

Insurance premiums

Utility bills

Recurring costs

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How the aftermath of Covid-19 spurs advantages of owning a home

Covid-19 has and is creating a wave of destruction throughout the world. The pandemic has resulted in terrible effects on various industries including, livestock, stock market, textile, and the real estate community. This blog gives a brief on the aftermath of Covid-19 on the real estate sector and how a homeowner can benefit amidst this crisis. The key elements highlighted in the blog are:

Impact of Covid-19 on Indian real estate sector

Advantages to homeowners

With constructions at a halt and the public shying away from buying in-development houses, the real estate industry in Mumbai will take a considerable time to redeem its pre-covid-19 stance in the market. The property market reacts differently to a crisis as compared to the stock market. 

Covid-19 impact on Indian real estate sector

The interdependence of supply chains, migration of laborers, cost overruns, and liquidity constraints are some of the looming challenges.

Imports from China

India imports distinct construction materials from China like iron and steel products, technical construction equipment, electronic equipment, plastic and fiber elements, and solar panels. Though India is the second-largest producer of steel, it lags in the production capacity. This immense reliance on China is one of the major concerns for the Indian real estate industry. 

Impact on commercial real estate

 According to a recent report by Cushman and Wakefield, the Indian commercial real estate segment is relatively stable and not as volatile as the stock market. However, with the global supply chain getting affected by the pandemic, the feeder impact will be seen in commercial markets as well. If the immediate-to-short term effect is considered, commercial leasing and co-working activity will be hit tremendously. However, in the longer term, the commercial real estate segment will be the quickest to bounce back.

Impact on business expansions

In a survey jointly conducted by the Federation of Indian Chambers of Commerce and Industry (FICCI) and Dhruva Advisors, 72 percent of the total survey respondents said that they are experiencing high-to-very high levels of negative impact on their businesses. As per a separate question in the survey, around sixty percent of the respondents have deferred business expansion plans for 6-12 months. With domestic and international flights being mostly non-operational owing to the extended lockdown, a substantial number of respondents have predicted a slowdown in the value of exports.

Benefits of an owning a home amid the COVID-19 crisis

Attractive home loans

The slash of repo rate by the Reserve Bank of India by 0.75 basis point in March 2020 has made home loans feasible for the proposed property buyer in Mumbai. The decline in the basis point has also drastically declined the interest rates on home loans offered by distinct public and private sector banks. The rates are from 7.20% and 8.05%, the lowest in over a decade. This is a lucrative time to invest in a home if that has been your prominent goal in 2020. The March 2020 residential property sales in China stands at almost 95% in comparison to the December 2019 levels. If this bounce back after the lockdown that ended last month in China is an indication of a trend, the Indian real estate market is also likely to witness a similar scenario after attaining normalcy. 

Dropped prices

The pandemic has compelled a drop in the price of real estate property. Experts believe this drop in the value will only be short-lived and the markets will bounce back once the lifestyle is brought back to normalcy. Buyers can take advantage of this drop and make use of the opportunity to invest in apartments higher than their previous budget also. This period, therefore, is a perfect time to invest in apartments in Mumbai. As per a survey report by 99acres to gauge buyers' sentiments in the times of the COVID-19 pandemic, 60 percent of the Indian home buyers who were in the market looking to buy a house before the pandemic are still planning to buy their homes within a year. The survey was conducted across major cities namely Delhi (NCR), Mumbai region, Kolkata, Hyderabad, Bengaluru, Pune, Chennai, Chandigarh, Ahmedabad, and Lucknow. The survey found that the home buyers showed a strong affinity towards ready to move in properties with 85 percent of buyers believing that ready to move in homes were safer than an under-construction property.

Virtual site visit

The seamless digital access and property listings online make it easy to discover a property of choice in these times of social distancing. Real estate investment does not seem impossible in these times of crisis. There has been a surge in online property purchase post-COVID-19, and the digital medium stands a good chance for new homeowners to register their investments. “Of the total unsold ready stock, the Mumbai and Pune regions together have approximately 35,200 units, which are collectively worth Rs 37,550 crore. This accounts for 57 percent of the total value of ready to move unsold homes across all top seven cities. NCR is next with 15,600 unsold ready units, followed by Bengaluru with nearly 10,100 apartments. Hyderabad has the least unsold ready stock of 2,400 homes worth Rs 1,870 crore,” remarked Anuj Puri, chairman, ANAROCK Property Consultants.

Government contribution to aid relief to the real estate sector

To support the real estate sector amidst this chaos of a pandemic, the Central Government has laid various relief measures. Some of the key measures are as follows:

Putting forth the relief measures for dejected real estate developers, the Central Government has increased the threshold for initiating default proceedings under the Insolvency and Bankruptcy Code (IBC) 2016, from Rs 1 lakh to Rs 1 crore. This will help keep a check on unscrupulous and frequent insolvency proceedings against developers, especially during tough economic times. 

The Central Government has also assured that if the present strained economic scenario continues beyond six months, it will actively consider suspending Sections 7, 9, and 10 of the IBC (all related to starting Corporate Insolvency proceedings). 

The Government has urged the State governments to utilize the Rs 31,000 crore fund for the welfare of construction workers, so as to minimize the adverse impact of the nation-wide lockdown on the same. 

The release of a relief package to the tune of Rs 1.71 lakh crore will benefit migrant construction laborers. 

The deferment of dates for key filings such as ITR, composition scheme, and Aadhar-Pan linkage will ease the compliance burden.

In the second round of relief measures, the Central Government intends to roll out a package of Rs 20 lakh crore, including the revival measures taken by RBI.

The construction contractors engaged with government infrastructure companies have been given an extension of up to six months to complete ongoing projects.

The future of real estate post-COVID-19 is unpredictable. However, now is the time of real estate investment, and one should take advantage of this opportunity if they can.  If you are looking for a safe and secure investment in property, Prima Terra, is the best option to consider. 

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Upper East 97 is a luxury real estate project that aims to redefine your idea of a seamless lifestyle. With a workforce of brilliant designers and highly skilled professionals, we bring you some of the finest spaces that elevate your living in a positive and exhilarating manner.

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A company rooted in the foundation of trust and cutting-edge innovation, Prima Terra Buildtech is a new-age vision of leading real estate industry professionals with over twenty years of expertise and it is their dream for the company to create pioneering lifestyle concepts.

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Upper East 97 offers you a sun kissed life that leaves nothing to imagination. These finely crafted lavish 2 & 3 BHK abodes comes with all the finest trappings of a resort life to help you live a tropical vacation everyday. Cocooned in the quaint yet buzzing neighbourhood of Upper Govind Nagar at Malad East, these palatial residences comes with the best in its class amenities leaving ample room for indulgences like swimming pool with beach like waves, live band area, sky garden, sprawling club house and banquet areas to name a few.

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Residential Apartments for Sale in Upper East 97 Malad East Mumbai

Visit: http://www.uppereast97.com | Upper East 97 offers you a sun kissed life that leaves nothing to imagination. These finely crafted lavish 2 & 3 BHK abodes comes with all the finest trappings of a resort life to help you live a tropical vacation everyday. Cocooned in the quaint yet buzzing neighbourhood of Upper Govind Nagar at Malad East, these palatial residences comes with the best in its class amenities leaving ample room for indulgences like swimming pool with beach like waves, live band area, sky garden, sprawling club house and banquet areas to name a few.

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A company rooted in the foundation of trust and cutting-edge innovation, Prima Terra Buildtech is a new-age vision of leading real estate industry professionals with over twenty years of expertise and it is their dream for the company to create pioneering lifestyle concepts.

[primaterra4-blog]

Upper East 97 offer you a sun kissed life that leaves nothing to imagination. These finely crafted lavish 2 & 3 BHK abodes comes with all the finest trappings of a resort life to help you live a tropical vacation everyday...

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Residential Flats for Sale in Upper East 97 Malad East Mumbai

Visit: http://www.uppereast97.com | Upper East 97 by www.primaterra.in. Prima Terra is one of the best developers of real estate industry in Mumbai. Upper East 97 Offers 2 BHK and 3 BHK residential apartments/flats available for sale in Malad East Mumbai. Get detailed project Information of Upper East 97 like price, floor plan, construction status, project specifications and amenities.

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Residential Property for Sale in Upper East 97 Malad East Mumbai

Visit: http://www.uppereast97.com | Upper East 97 by www.primaterra.in. Prima Terra is one of the best developers of real estate industry in Mumbai. Upper East 97 Offers 2 BHK and 3 BHK residential apartments/flats available for sale in Malad East Mumbai. Get detailed project Information of Upper East 97 like price, floor plan, construction status, project specifications and amenities.