Impact of Coronavirus on Housing and Real estate in India

As the world grapples with the effects of COVID-19, a virus originated from Wuhan, China, it has crossed geographical boundaries and led the world to one of the worst crises faced by humans. With 18,912 casualties, it has significantly impacted the world with countries like Spain, Italy, USA, and now India is going into nationwide lockdown. The consequences of COVID-19 are also apparent in different parts of the world like South East Asia, Middle East, Far East, Iran. The situation may get worse if the crisis isn’t managed and controlled.

Signature Global- Affordable Homes In Gurugram

Along with China’s trade shut, tourism & retail are some of the worst-hit sectors around the world. In the middle of such a crisis, the Indian economy – which is already going through an economic slowdown and liquidity crunch – is highly unlikely to remain unharmed. With fewer people going for site visits coupled with purchasing power going downhill and low transaction volumes, the fall of real estate and housing markets is also evident.

As of now, it’s hard to gauge the long-term effect of COVID on real estate and housing markets in India. But with time it might be possible to measure what the slowdown & dwindling demand caused by delays in buying decisions might unfold.

Even before, real estate & housing have shown resistance and successfully came up from many shockwaves like GST implementation, demonetization, RERA, NBFC crisis, etc. The current crisis induced by COVID-19 is not bereft of opportunities for the sector. Many buyers and investors might start investing in this sector as real estate offers a tangible asset in contrast to stock markets.

A lot of factories around the globe are shutting down because of Coronavirus which is apparent with the collapse of import and export. China’s economic growth has been estimated up to 2.9% from 4.8%. This might be a cue for Indian export and import to fill the void in the global market. This will open doors for economic growth in the country and positively usher real estate demand.

Reasons that make Group Housing Project in Gurugram a lucrative offer for future investment

There are several kinds of housing projects available in the market. Given the availability of so many options in the real estate business, it isn’t very easy to pick out the best ones within budget along with all other available amenities around. Hence, if you are concerned about investing in good affordable yet profitable plots, then check out the Group Housing Project in Gurugram.

Essential features of a significant housing project

Certain aspects can make or break a real estate project in today’s competitive world. Here are some of the most crucial elements to check out while picking out the best housing project around you:

Signature Global Proxima 1 Gurugram

· Availability of basic amenities

The availability of basic amenities happens to be one of the essential parts of a significant housing project. You need to check the presence of multiple vehicular parking spaces, proper sports areas, fitness amenities, along with the primary water and electricity supply to the project. Along with these, an excellent housing project also has the availability of the high-tech connectivity, modular and fully-equipped kitchen setups, gymnasiums, power supply and 24 hours water supply as the necessary amenities.

· 24*7 security available

Another aspect that makes any project an ideal residential one is the availability of high-end security services for the inhabitants living there. The housing project in Gurugram promises to deliver the best professionals from the security industry for the safety of their people here.

· Closeness to leading social infrastructures

A convenient location and proximity of the project to the leading social amenities are some of the essential aspects of a good housing project. In the case of the housing project in Gurugram, one gets easy access to all the nearby National Highways, railway stations, airports, business areas, etc. However, given its location among the lap of nature, the project isn’t marred by any issues of traffic congestion or sound pollution. That is one of the underlying reasons that make it an ideal one for residential investors in a specific location.

Signature Global Proxima 2 Gurugram

· Affordable prices

Another characteristic that makes a housing project worthy of your investments is the prices of the properties. We all love to invest our money in properties for profitable returns. But if the properties are priced at extremely higher rates, then it makes it difficult for the general people to invest their money in such projects.

However, a good and successful housing project will never quote an unrealistic price for the people. They provide the most affordable prices rates in the market, which is the reason why there is always an increased demand for such projects in the market. For example, the recent market trends show that there is a potential increase in the sale of the housing project in Gurugram as they are reasonably priced at affordable rates for the people without compromising with any kind of modern-day amenities.

To understand more about this project at Gurugram, let us take a quick look at the basics of the project:

Signature Global Proxima 1 Gurugram

About the project

This project has been done explicitly with keeping the essential requirements of the clients and hence is one of the most successful projects going around this location. You get to enjoy all the urban amenities without compromising on the lifestyle choices here. Along with this, the natural surroundings around this place provide an ideal location for residential projects. The closeness of this property to almost all the leading schools and educational institutes here makes it ideal for the families.

Along with this, the location lies close to nearby offices and commercial units, which makes the regular commutations quite easy for the inhabitants here. Also, the closeness of the location to beautiful landscapes here provides a pleasant environment for the inhabitants here.

Some of the essential features of this project are:

· It is one of the most developing regions of Gurugram

· The project is placed at a distance of 60-meter wide road

· You get easy access to Dwarka Expressway, KMP Expressway, NH-8 and Pataudi Road

· The nearby locations include Hero Honda Chowk, IFFCO Chowk, Rajiv Chowk, IGI Airport, Delhi Airport, etc.

· It also happens to be constructed at a cycling distance from the prominent IMT Manesar

· The nearby hospitals here include Aarvy Healthcare, Krishna Hospital, Arc Multispecialty Hospital, etc.

· Availability of metro stations nearby

· Presence of different kinds of educational institutes like Yaduvanshi School, Colonnels Public School, SGT Group of Institutes, Sharda International School, Eureka Pre School, Lotus Rise World School, Sanskar Jyoti School, RPS International School, Super-30 School, etc.

· This place is around 30 minutes’ drive from Gurugram Railway Station.

· The place is located at a distance of 15km away from AIIMS National Cancer Institute in Jajjhar.

Apart from these features, one of the reasons why people love to invest in excellent residential properties is only because of the safety and security of their families. In the case of this project, you get the top class security systems monitoring on every activity of the outsiders to provide the best security to the inhabitants here. You can check out this project to know more about it and what makes it a popular one in the real estate market.