Real Estate in Mumbai will pick up by early 2021, predicts Astro strategist Hirav Shah

Real estate is an imperishable asset, ever-increasing in value. It is the most solid security that human ingenuity has devised. It is the basis of all security and about the only indestructible security.

Like other industries, the real estate sector was also severely impacted after the nationwide lockdown was imposed in late March. The unavailability of workers (a majority being migrants) coupled with the rising cost of materials were additional blows. Projects were stalled, delivery dates pushed, and several buyers postponed their decision to buy a property.

While the market size of the Real estate sector in India was US$ 120 billion in 2017, it is expected to reach a whooping US$ 1 trillion by 2030. This will contribute 13 per cent of the country’s GDP by 2025.

Huge Contribution to our GDP, isn’t it !!

The fast-growing retail, hospitality and commercial real estate will fulfill the infrastructure needs of developing India.