COVID-19: Real Estate Companies Facing Difficulty to Hold On To Workers amid Fear of Lockdown

Aditya Kushwaha, CEO & Director, Axis Ecorp said, “Ever since early last year, there has already been a major impact of the lockdown on the developers leading to halting the construction activities at innumerable projects across the country. For almost the last four months the work was progressing smoothly, however, as the cases have started to surge, labourers are beginning to be impacted by the fear of infection and the lockdown.

We’re making a deliberate effort to make the labourers at luxury Yog Villas feel more comfortable and secure by making all the necessary arrangements of food storage, provisioning medical supplies, and an additional daily wage to further boost their confidence and intrigue them to stay back for work and to earn more money

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Shifting Focus From Metro Cities to Tourist Destinations : Aditya Kushwaha

While the COVID-19 has by and large dented the confidence level of the real estate developers, Aditya Kushwaha, CEO & Director of Axis Ecorp believes there are a silver lining for the players who are forward-looking in their approach. In an exclusive interview with Track2Realty, Kushwaha asserts that the Work From Home trend would shift the focus from top metro cities to open spaces in and around the tourist destinations. He, therefore, urges the government to look at the Holiday Home segment as a priority sector. Ravi Sinha: 2020 has generally been a bad year for the sector. Has there been any positive developments that bodes well for the year ahead? Aditya Kushwaha: The real estate sector was already in bad shape before the Covid-19 pandemic, which has only added to the troubles of the distressed industry. April and May were probably the worst months when the economy was broken badly, however recently there has been a good spike in the recovery of the real estat...

Demand for Holiday Homes Gains Traction Amid Pandemic

As the pandemic has significantly impacted the operations of businesses and people's working model, housing preferences also have changed and the demand for holiday homes or second homes has increased in the past few months. According to Aditya Kushwaha, CEO & Director Axis Ecorp , the need for a perfect balance between work and personal life has fuelled the concept of a weekend retreat in a holiday home. "Due to the COVID-19 pandemic, the concept of a holiday home or a second home has gained widespread acceptance. With most of the corporate professionals working from home, geography is no longer a constraint," he said. He also noted that from the investment perspective, second homes in non-metro cities are a relatively safe investment option with higher capital appreciation compared to homes in metros, especially during COVID-19, when alternative options such as mutual funds, shares have seen diminishing returns. These properties can be rented out to home-stays an...

Twist in the Plot: Rising Demand for Land Following the Pandemic

The real estate segment showed exceptional tenacity in the year 2020, and it continues in 2021 as well. Last year witnessed an unprecedented patch during the lockdown but as soon as things started to open up, the segment clocked a great rebound. The residential segment has been the key driver in this rebound phase. An interesting trend that has emerged from the pandemic is the rise in demand for residential plots. What is driving the current demand for plots? Residential plots were always a top-of-mind option for homebuyers as they offered a number of advantages. However, due to cost considerations and other factors, most homebuyers opt for apartments. According to a report by Square Yards research, the demand for plots increased by a whopping 50 per cent in Oct-Dec 2020 as opposed to the previous quarter. This pandemic has given homebuyers ample opportunity to weigh in their choices and now more people are inclined towards a plotted property. As per a FICCI-AN...

Axis Ecorp - Real Estate Developers in Goa

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