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Post-Covid effects on the Real Estate Market

The second wave of Covid 19 has yet again disrupted the supply chain of the global market. As far as the realty sector in India is concerned, the recovery of realty estate which was beginning to show signs of recovery has derailed from the path. Property experts say that property sales in the realty sector have decreased since April. However, this situation could have an adverse effect on the realty sector in India if the number of cases of infections is not sustained. As India continues with its vaccination drive, there is a positive impact of the program on real estate. With the impact, today the real estate executives are facing a tough time marinating their liquidity and the value of keeping their tenants with proper safety measures. The tenants are also burdened with the deferment they might face or lapse in their lease payments due to liquidity pressure. The market is expected to pick up its pace in the transaction volume when it enters the recovery phase.

Sources from Knight Frank's global survey reports that occupiers are looking for offices to increase employee wellbeing, collaboration as well as talent attraction. The Indian corporates can expect the pandemic to influence the strategy of the realty sector in the next three years. This can be a good opportunity for occupants interested in Commercial office spaces in Mohali.

The market looked strong with good leasing activity and availability of capital before the pandemic arrived. However, executives of real estate are now identifying the best way possible to recover the losses they have incurred with the opportunities coming into their way and the availability of capital. It is important to create a mix into their management dimension to tackle this situation of crisis. The people and tenant’s safety is of utmost importance for the real estate executives and the short-term need must be met. The real estate must thrive upon the remote working processes.

We Have witnessed the blessing digitalization has been in this situation. The effective strategy in decision-making responsibility- “work from home”, has brought into light new efficient ways of working. Digitalization has paved the way for remote working during the global pandemic. This has lead organizations to shift and implement new strategies implementing digitalization. Multiple revenue targets have been met in the trade and commerce.

Observing the current trends of buyers in the supply chain of the realty sector, the demand for real estate property may decrease as well. Moreover, in spite of India’s apex bank's decision to maintain a status quo on the policy rates as of 7th April, banks like SBI decided to increase the home loan interest rates. However, as India continues with its vaccination drive, there is a positive impact of the inoculation program that will be evident on the real estate sector. The economy can expect some recovery this year. According to the Indian Brand Equity Foundation (IBEF), Indian real estate is expected to reach USD 1 trillion by the year 2030 and will contribute to 13% of the GDP of the country by the end of 2025. The residential sector is expected to grow under the PMAY scheme of the government with an FDI of up to 100% for township and settlement projects by the government. Thus growth can be expected in the demand for commercial-office space due to the suspected rise in the residential housing units.

Even though the impact of covid 19 on the realty sector in 2019-20 was devastating, 2021 presents optimism and hope for better days leading to recovery. The rising demand for residential properties can be seen as a result. Thus if you are looking for property near Chandigarh then the residential flats in Mohali developed by the VRS Group can be the right choice for you. VRS is a renowned realty developer who has developed several sustainable GMADA approved projects in Mohali and Chandigarh.

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The latest real estate trend- Low Density Housing

Most of the real estate trends arise due to the constant demand of people for improved, better residential places creating an entirely different type of housing. Soon after the outbreak of the Novel Coronavirus pandemic, the housing demand trend has seen a gradual shift giving rise to low-density properties mostly in major metropolitans including Mohali and Chandigarh. The real estate companies in Chandigarh will now try to accede to the demand of these low-density residencies. Recently, GMADA had also approved low-density real estate projects in Mohali.

What is Low-density Housing?

Low-Density Housing can be described as housing with a particularly low number of housing units on any residential block or if otherwise stated it can be described as the less number of families per amount of a given space in housing space. Here a sense of non-intrusiveness and spaciousness are the main key elements that define the motto of the project. The rising demand for low-density homes is mainly due to the desire of prospective buyers to find a balance between a metropolitan city and a very small town as it directly means less crowding, fewer automobiles, more space, and a clean healthier surrounding. The spread of covid-19 is yet another reason why people are seeking to settle in low-density residencies.

What are the problems associated with high-density housing?

It is almost impossible to find solace amidst the rush in the daily life of the metropolitan city. Overcrowding, lack of housing spaces, and rapid urbanization have led to an obstruction to privacy and personal space. This is one of the reasons why people try finding an escape from the rush once in a while in the form of weekend getaways. Also, as we have seen during the outbreak of pandemic initially that in high-density areas the spread of the virus was more prevalent as a result of which soon after the pandemic there has been a rise in demand for the low-density housings.

Since due to rapid growth and urbanization the cities are getting denser and crowded people are shifting towards low-density residences for a more spacious and peaceful living. The upcoming projects in Chandigarh and upcoming projects in Mohali are going to offer just that, which means that with low-density housing there will be a greater share of amenities and more open spaces per resident.

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Why you should invest in the upcoming commercial real estate?

Real estate comes with associated risk and a reward. This balance of risk and reward must be always kept in mind particularly when investing in an upcoming commercial property in Chandigarh or Mohali. Generally known to be alluring and lucrative, the commercial real estate market is very desirable mostly due to its cash flow, appreciation, and growth over time since it is stable. There are many commercial real estate companies but one of the most reliable real estate companies in Chandigarh is the VRS Group whose upcoming commercial projects in Mohali can bring your investment goals to reality so that it becomes a stable source of income for a distinctive future.

The reason why you must invest in commercial real estate are as follows:

It can ensure long term cash flow and can bring diversification to your portfolio

Commercial properties can be turned into a lucrative source of income and can also act as a long-term safety net with respect to your other investments which carries a higher probability of risk. It can serve as long-term financial security, however, it would be wise not to expect indefinite exponential growth.

Tax Benefits

Huge tax benefits is one of the most sought incentives to invest in a commercial property. An investor can save on taxes in multiple ways like by depreciating the value of the property, huge tax can be saved on the income.

Hedge against inflation

An economy is dynamic in nature and it often undergoes inflation in such given case rates of goods and services rise. By putting the money in a commercial property you can get huge benefits due to inflation. By an increase in the real estate rate at a mere higher rate than inflation, the investor can get protection against inflation which significantly adds to the growth.

Investment in a new commercial project in Mohali will be far more ideal than investing in a residential property. Moreover, investment in commercial real estate reaps higher cash flow on a monthly basis which can be relied upon in the long term if management is done right. Cash flow will be higher than what you would get from a single reality when it comes to the physical size of the property. Also, the time span of leases here is more extensive than the residential one. So if you are keen to bring diversity to your investment portfolio invested in commercial real estate now for a better distinctive future.

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The rise of real estate in tier 2 markets of the Tricity

Lately, the tier II and tier III cities have witnessed an advent in the real estate market emerging as the hottest potential investment destinations in India. Mohali and Chandigarh are one of such cities which has now transformed into mega growth center where big real estate company in Chandigarh and Mohali are now capitalizing on the opportunity bringing in subsequent infrastructural growth at a rapid rate. The history of Punjab is a testimony to the fact that Punjab has been a land of opportunities and the Tricity is living proof in itself.

With the increase in the number of NRIs and expatriates showing their interest in the real estate market, there has been an expansion and growth in the real estate market providing gainful investment options. It has led to the expansion of inward remittances by the state and these remittances are used to create an asset. The rising aspiration of the NRIs in this market and the market itself influenced by the foreign culture has led to the growth of integrated societies, modern apartments, and modern commercial hotspots. With time, living in these modern-urban structures has become a statement of distinctive living.  The upcoming commercial projects in Mohali and commercial property in Chandigarh carry the influence and inspiration from the west aiming to deliver alluring lifestyles and opportunities within our country.

The new commercial project in Mohali has become a prime choice of investors with their sharp increase in areas like SAS Nagar, 3B-II, Phase V, and VI. The heavy football and affordability with terms to the feature makes commercial realty hold scope for both appreciations in capital and also through regular income through monthly rentals. The advent of top-notch professional and educational institutes, shopping centers, and entertainment zones has brought an increase in demand in the real estate market in both residential and commercial spaces. There has also been an increase in demand for rental shops, office, and retail spaces.

Also with the reforms in the realty sector and the initiatives of the government, these tier-II cities are turning out to be one of the most desirable locations and since people are now looking for better job opportunities leading and a better life, this led to the ultimate rise in demand of the residential accommodation. This is perhaps the best time to invest here.

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The Perks of investing in a commercial real estate in Mohali

If you find yourself wondering why to even invest in the real estate market, then the answer is straightforward and simple. It is mainly due to the perks in the long run as it can help achieve financial independence. It has been clear time and again that the benefits of commercial real estate are rewarding.

Real estate is a tangible asset that comes with many beneficial aspects with a high potential yield if done right. Even in this subject, the market is prone to risks as it is not immune to economic changes such as inflation. However, these risks can be mitigated thereby achieving higher turnouts with safer investments. So if you are looking for commercial property near Chandigarh you can opt for investment in Mohali as it will make good returns on investment. Since location greatly affects the growth of the business the strategic location of the commercial office space in Mohali is crucial. If the office space is easily accessible then it will increase the workflow of the company. There are many GMADA approved projects in Mohali that offer high football, such as the one from the VRS Group. The projects form VRS offer perfect office spaces with high-end amenities and features at hand.

The benefits of investing in commercial real estate are as follows:

• Potential Returns in investment:

The probability of high returns in investment is what makes commercial real estate a strong investment option. Investment in Commercial real estate fetches far higher returns over time than other assets. Since Mohali has been gaining quite a lot of momentum in recent years, this makes investment in a commercial estate safe and profitable.

• Equity:

The commercial estate is a long-term investment and can achieve good steady heights if done right with proper management. Equity refers to the amount that an investor has made up in an asset over time. Investors can build equity pretty fast by investing in commercial real estate. The benefit will be even more as the property appreciates its value.

• Cash Flow and Tax Benefits:

Commercial real estate provides long-term steady cash flow as you might as well generate monthly rental income. And with depreciation, you can reduce the total tax burden significantly.

• Diversification in an investment portfolio:

An investment in such a type of asset can help achieve higher turnouts as diversification can help boost the portfolio.

The high probability of potential turnover and strong performance of this segment in the market is what makes investment in commercial property in Mohali a strong investment.

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Commercial office space in Mohali for sale by VRS Group

With Mohali pegged as one of the fastest booming investment destinations the workforce is rising. The superfluity of the companies mushrooming around the city is a testament to its massive growth. The commercial property in Mohali abounds in huge numbers with the rising demand of people for property near Chandigarh. Mohali houses many IT companies and big MNCs. Some of the best, well-developed GMADA approved projects in Mohali provide lucrative scope for investment in a commercial office space in Mohali. Moreover, Mohali is a house to the big IT companies who have moved in to capitalize on the opportunity.

One of the examples is the District One project by the VRS Group. It sprawls along an area of about 4.05 acres. This coveted commercial property offers double-story bay shops, four-story SCO Sites, a food hub and convenience market, and high-end retail with a factory outlet. Situated in a prime location- the dividing road of sectors 67 & 68, right between Airport road and Municipal Corporation, District One offers all that you would need in an ideal commercial property.

District One is located at an advantageous location ensuring a robust cash flow, commercial leasing, and high scope for rental income.  It fulfills all the requirements from having the picturesque infrastructure to conveyance, accessibility to the dearth of amenities and facilities, this project has it all.  The city of Mohali is well connected to the other prime locations which makes it an ideal asset for commercial property investment.

It is always advised to invest in properties that offer great amenities and facilities at the price point. Just a prime location is not enough to help you fetch higher returns. District One by VRS Group is sure to help you attain good business exposure with its unparalleled design and planning. This project is sure to fetch good tenant retention, along with higher rent and capital appreciation. This makes it a very coveted investment in real estate.

District One by VRS Group presents a unique opportunity for creating a revenue-generating real estate asset in the prime location of Mohali. To get a quote and for more information visit vrsventures.com

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Tips for Maintaining Commercial Properties

Commercial Properties can be an excellent investment, but only when they have the potential for long-term improvement with time. If the pr...

Commercial Properties can be an excellent investment, but only when they have the potential for long-term improvement with time. If the property isn’t maintained, it can depreciate which causes the risks in commercial properties. If you have a commercial property in mind which you hope to sell in a few years to get a high ROI, you would need to maintain it well. Here are some tips to help you maintain your commercial property in Mohali without much trouble.

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Open Retail Showroom in Mohali

Today, most consumers complete most of their shopping via online mediums, however this has not spelt the doom of retail showrooms. The benefits of going to a real store still stand strong over buying something from a screen. You can understand the product much better when visiting a store and actually size things up for your purpose. This is the reason it is a good idea to turn your commercial property in Mohali into a retail showroom that can help local residents get their shopping completed on a daily basis.