The COVID 19 pandemic has made the future of business unpredictable with unexpected challenges. Like any other industry, the commercial real estate market has also felt the impact in the short to medium term. The real estate companies in Vadodara had started thinking that is there any hope left for commercial property post-COVID-19?
The post-covid period is a season of festive and auspicious days like Akshay Tritya, Dussehra, & Diwali. The Indian’s believe in new beginnings and buying new on these auspicious occasions, this is a hopeful and positive time for the commercial real estate builders. According to a report, the post-COVID-19 scenario has got a fresh start to the realty sector with a renewed zest. The commercial reality is bouncing back after the lockdown is lifted and a gradual shift has started in reviving the business. To boost it further, the builders are attracting the buyers this season with low-interest rates, no GST, freebies, gifts, offers, hampers, and much more. Amidst all the crises, the government is also reviewing its FDI policy for a 100% investment in real estate which certainly presents a ray of hope for the industry.
Many have been thinking that the real estate market is set for a prolonged break for another 2-3 years. Yet, on the other side, there are many company owners and financial specialists who think the same. There have been changes in the way the builders have started marketing their new commercial projects in Vadodara, wherein the focus is on the specifications which include making them feel safe and secure. Be it, allotted basement car parking, CCTV Facility in the common area for added Security, Standards elevators, etc. And having the benefits and the amenities, that the builders are showing and giving the buyers, the commercial property for sale in Vadodara has started to get back on track again. It has come to notice that some builders are rigid on the property prices and refused to reduce them. However, this pandemic situation has made everyone rely on staying connected through digital platforms. This has directed builders to gain business and put their commercial land for sale in Vadodara, leading to a reduction in the already piled up unsold inventory in Baroda.
This pandemic has made people choose to stay ‘socially-distant’ and away from the crowd and chaos. Keeping in mind the preference of people and buyers, VR Infraspace has come up with its project - VR ONE - A COMMERCIAL BUSINESS CENTER in a prime location that is away from the hustle-bustle. VR ONE is one of a kind commercial building in Vadodara that gives an opportunity to the business community perfect business space, where they make your dream come to reality. It seems to be the best for all retail enterprises, showrooms, and corporate offices. It has been developed keeping in mind the future possibilities, with a plethora of amenities like never before.
Nobody is certain when we will get over the COVID-19 situation or even the fear of it, however, it is unquestionably going to change the truth area fundamentally and improve things for the real estate industry. This might be the inflection a moment for the real estate sector empowering it to think over again in this COVID-19 reality.