ARE YOU WORKING FOR REAL ESTATE? Torbit Consulting
3 THINGS TO CONSIDER POST CORONA PANDEMIC TO KICK START INDUSTRY
• The Newspapers • The Live News Shows • The Social Media
It’s so Scary isn’t it. • If you dig down in detail you will also be updated about the socio-economic devastation. • We do not know how many people will directly or indirectly loose their lives because of the corona virus. • Do we keep waiting for the disease to be contained. • Like all other industries THE REAL ESTATE INDUSTRY is worried as it is the second largest employment generator after agriculture
The Fear in The Real Estate Industry Post Corona Pandemic • There is a fear of being classified as NPA • There is fear of defaulting on delivery and facing the RERA court • There is a fear of not being able to raise fresh funds • There is a fear that generating revenue by means of fresh sales may be slow affecting the cash flow management • There is a fear that the customer may not pay the instalments of the tied-up sale • There is a fear that the developer will not be able to collect the lease and the lease may be renegotiated leading to losses.
3 Things that I have Identified Which May be Considered to Give a Positive Kickstart to the Industry: • COUNSELLING: This is a time when the Entrepreneur / Developer / CEOs / Decision Makers will have to make a task force to counsel various participants. • CONNECTING & COMMUNICATING WITH MASSES: The second most important thing to do from the leadership chair is to connect with masses – connect through communication virtual or physical doesn’t matter. • CREATING A PLATFORM TO BUY RATHER THAN SELL: The Organisation has to dwell on strategies that the consumer is motivated to BUY.
Contact Us Sector-150, Noida, U.P, India, 201310 9818305383 https://www.torbitconsulting.com/blog/3 -things-to-consider-post-corona-pandemi c-to-kick-start-industry-especially-rea l-estate/ https://www.facebook.com/Torbit.Consulting/