Real Estate Sector
Revival
After the post lockdown situation
due to the Coronavirus pandemic, the famous real
estate body CREDAI has rebooted itself and planning to work and
consolidate towards the revival of the real
estate sector. They will also engage with the government for further tax regime
rationalism and secured infrastructure status for the real estate. The primary
developer body of the real estate industry includes a membership of more than
13000 members in 217 cities and 21 states all over India. They are planning to
operate towards enhanced inclusive development. It will help medium to
small-sized developers who are facing the issues.
The first quarter of the
real estate business has witnessed almost 44% growth. But since the second wave
of the coronavirus has become a concern. One of the biggest problems that
a realtor faces in this sector is the
working capital. Banks will not offer any working capital, and the interest
rate is high. So, hopefully, by next year, the real estate sector will revive
completely.
According to the
CREDAI National President, Mr. Vardhan Patodia, along with different other
members of the currently elected association reported that the organization
would offer free vaccination of more than 2.5 crore construction workers at the
online sites of the member developers all across India.
As the primary real
estate body, the organization has rebooted them post the pandemic and
representing themselves in the 2.0 version. The focus is now shifted to
consolidation after the past year has passed on. They are exceptionally keen on
collaborating with medium and small-sized developers and addressing their
problems by discussing the issues with the government.
Supporting
the Start-ups
CREDAI will soon be
setting up a start-up of the name Angel Network and Incubation and Acceleration
Centre. It will be an initiative for the Research and Analytics centre,
facilitating the real-time availability and authentic data for the future
growth strategies of the real estate market.
The start-up plan
focuses on reviving the real estate industry efforts and offers a stimulus for
boosting the business environment. The welfare further targets to commit to the
skill development, labour welfare, and green buildings.
This start-up network will assist and support the real
estate agents by offering them
access to the member network for business development. It will guide them
everything through a hand-holding procedure.
Conclusion
The first quarter of the real estate business has witnessed almost 44% growth. But since the second wave of the coronavirus has become a concern. One of the biggest problems that a realtor faces in this sector is the working capital. Banks will not offer any working capital, and the interest rate is high. So, hopefully, by next year, the real estate sector will revive completely.
No comments:
Post a Comment