Top 5 Impact of Covin -19 in Real Estate Sector

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There can be an increase in the cost of raw materials as India imports steel and iron products, plastic, fibre, etc. from China. As most parts of the world are shut, the production in China is decreasing day by day which may lead to an increased cost.

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After a tough recession, the construction sector is showing strong signs of recovery with the number of housing, commercial and infrastructure projects on the up. As activity increases, insurance has an important part to play in its future success. Understanding the issues facing the sector and providing robust risk management advice to support growth, will be key for the insurance industry. This, the first White Paper in our two part series on construction, examines the outlook of the market and some of the key trends in the sector, from skills shortages to changes in construction methods.

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This presentation is a useful tool in presenting coronavirus impact assessment and mitigation strategies on real estate and construction. This presentation will allow an organization to address a collection of COVID 19 outbreak impact assessment and mitigation strategies reported in the construction and real estate. The slide covers the impact on COVID on the real estate and construction sector globally which affects the agency and brokerage market. Our presentation contains the sections namely real estate industry overview, risk assessment, and its impact, how risks are mitigated, and the risk maturity model survey questionnaire. The graph in the slide showcases the areas which are affected the most due to coronavirus in the real estate and construction business. The mapping section shows the details of the state which halted construction due to pandemic effect within the economy. It also shows the impact of COVID on effective rent growth in the construction real estate industry on the overall US economy. Further, it covers key indicators and highlights for the real estate and construction industry such as single-family housing, multifamily permits, jobless claims, etc. Risk assessment and its impact section will cover five major risks caused by a coronavirus in the real estate industry namely disruption due to social distancing, plummeting employee productivity, stressed supply chain, recession, unemployment, and investment pullout, economic instability, and civic unrest. How risks are mitigated section will help the organization to address measures taken by the manufacturing sector to tackle COVID 19 outbreak. Subheadings covered in the section are business impact analysis, risk readiness assessment, risk management plans, business continuity plans, policy management, and incident management. Finally, the risk maturity model survey questionnaire section will help the organization to address the survey results of questionnaires asked from manufacturers. https://bit.ly/2Qs2L18

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The industry believes that there would be a surge in demand for cement due to requirements of a strong infrastructure framework that the nation endeavours to put in place through its government as well as housing projects India's cement industry is the second largest in the world, in terms of production, with over 8 per cent (502 million tonnes per annum in 2018) of the global installed capacity and generating employment for over 1 million people. Unfortunately, however, this production does not fully convert into consumption as the demand-supply situation is highly skewed with the latter being significantly higher than the former. With per capita cement consumption at less than 200 kg when the world boasts of an average of 500 kg, can the Indian cement industry be the driver of growth for India?

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Top 5 Impact of Covin -19 in Real Estate Sector

1. Top 5 Impact of Covin - 19 in Real Estate Sector - May, 2020 - 01 The projects will delayed as everything is shut down due to the covid-19 and Developers will take time to resume the construction work Projects will delayed 02 Demand & supply In the present scenario, people will afraid to spent and save money as long as they can, it will also impact in real estate. 03 Delayed Project Developers have postponed their projects which were scheduled in March-April, leading to low home sales. 04 Cost May increased The cost of raw materials can increase as India imports steel and iron products, plastic, fibre, etc. from China. As most parts of the world are shut, the production in China is decreasing day by day which may lead to an increased cost. 05 Impact on retail commercial As per a report by ICRA, the retail commercial sector will be impacted as the country is under lockdown as announced by Prime Minister Modi to contain the spread of the virus. SOURCE https://homeonline.com/ Homeonline

Top 5 Impact of Covin -19 in Real Estate Sector

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