Globally the adverse effect of the pandemic has set many people's opinions out loud about Real Estate Industry. This blog will lead you to where you will know how the COVID-19 pandemic will shape the real estate business in Kamshet?
The impact caused by pandemic has brought nearly every industry to a big pause. GDP of India may face losses up to 0.2% on the account of outbreak and thus Real Estate sector is no exception. Most prominently it has scared-off the potential investors and buyers of real estate.
Here are the two main reasons why:-
1) Unavailability of workers: As all the workers have gone to their home town.
2) Lack of required raw material: Due to a broken supply chain.
The raw materials required for the construction were imported mainly from foreign countries before Pandemic (materials like iron & steel, technical equipment, electronic equipment, plastic & fiber, solar panels) Due to the barrier of transportation and low production Indian government encourages ‘Make in India’ national program. The government of India is emphasizing innovation, enhancing skills, and boosting the production of raw materials intra-country to overcome the scarcity.
On the positive side of the pandemic, it has brought a whole new bunch of opportunities. So is it possible that there could be the best opportunity waiting for you after the CVOID-19 pandemic in real estate?
As declared by Prime Minister the economy of India is going to be slowed down by 11 years. According to some experts, due to the effect of the pandemic, there would be a 10% fall in property prices across India. Also, the chairman of HDFC Deepak Parekh says the developer should be ready to catch a 20% fall in housing prices. We may not see a sudden fall in the prices but in the coming time, real estate might get some glitches at housing prices. In the past Centre announced high tax breaks and low-interest rates on home loan to make purchase profitable and 25,000Cr rupees has set as a fund for various stuck projects. Good news for developers, because they have got the authority to extend their project deadlines for six months as a RERA act relaxation.
The pandemic has caused instability in the regular life of people which will take a while to get settled and this instability has brought the loss of jobs and loss in businesses, people will not be interested in buying a house until their jobs and business are well-secured, certainly, the prices are not going to go high as the current sales of the industry are on hold.
Why Prefer Real Estate Property in Kamshet?
These major falls in price and attractive relaxations on home loans by RBI attracts the investors and buyers to the untouched beauty of Kamshet, Mawal(Pune). Kamshet is located at 2200 ft. above sea level in the lap of Mother Nature. Kamshet is near about 120 km from Mumbai and 45 km from Pune.
Getting to Kamshet:
- Airport: The nearest airport is 60 km away in Pune.
- Railway Station: The nearest big platform is at Lonavala. Kamshet also has a local train platform.
- Bus Station: Kamshet has regular bus services which are well connected to Mumbai and Pune.
Major Attractions:
- Adventure: Paragliding is a famous attraction for the tourists, and is done under super safely with trained professionals.
- Places: Other main attractions to visit are Karla Caves, Bedsa Caves, Bhaja Caves, Kondeshwar temple
- Khandala is located at 16km away from Kamshet, which also a famous tourism point in Maharashtra.
The lovely pollution-free environment of Kamshet with serene attraction has become favorites of tourists over the period of time. The best connectivity from major two booming cities of Maharashtra (Mumbai & Pune) makes Kamshet the best possible location for developers and MNCs to shift over for their upcoming projects. So investing in real estate of Kamshet will always be a good deal for the future.
Kamshet being at the beginning stage of potential development, to invest in Kamshet real estate turn out as a good option for both end-users and as well as investors. With the connectivity to both Mumbai and Pune, its demand has risen for weekend homes, farmhouses, and plots. Many developers investing and launching projects in the region of Kamshet has created a potential scope for buyers to move in towards Kamshet.
Due to the corona outbreak and boycott of China manufactured products, MNCs which were about to set manufacturing plants in China are now most likely to get shifted towards India. Kamshet has always been into the eyes of developers for the projects of multinational manufacturing plants and housing buildings. So Kamshet’s aesthetic environment might have the chance to attract MNC’s & developers to invest in the real estate post-pandemic. Hence Kamshet may see exponential growth in the Real Estate industry after the pandemic.
