2021 offers unique opportunity to reimagine real estate strategies

NEW DELHI: While the pandemic in 2020 has forced the developers to rethink and rework upon the areas where the sector was lacking, the year of 2021 provides unique opportunity to industry stakeholders, as lifestyle of people is undergoing a radical change.”In these extraordinary times, real estate stakeholders across sectors have an opportunity to structurally reimagine their strategies to ensure sustained recovery. Doing so would require shifting from traditional approaches and embracing new, transformational methods — which would be accelerated by widespread tech adoption, sustained policy impetus and accelerated investor interest across real estate in India,” said Anshuman Magazine, chairman & CEO, India, South East Asia, Middle East & Africa, CBRE.Ashish Sarin, CEO, AlphaCorp added, the sector has seen prolonged stress in 2020, one of which is the tale of stalled projects. The ultimate change, however, could only be brought by the consolidated efforts of the industry players. For a better future for the industry, this trend has already begun and is expected to rule the year 2021.Experts say that the pent up demand due to the multiplier effect of policy reforms will fuel sustainable growth in 2021. “Demand for owned houses has gained traction post pandemic life and adaptation… Read full this story

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