Director, Aparna Constructions, For 99acres
The outbreak of Corona Virus in India has led to a nation-wide lockdown, halting all the ongoing businesses. This has a severe impact on the Real Estate Market too, which is described in detail by our Director Mr. Rakesh Reddy, in a recent conversation with 99 acres.
- Impact on construction activities: In the short term, construction activities are put on a halt to avoid the spread of the virus. But once the pandemic dies out, the sites will resume construction.
- Current demand from homebuyers: With everyone constrained to staying at home, the calls and site visits from home-buyers have decreased drastically. The demand is not expected to rise again before the lockdown.
- Impact on property sales in Hyderabad: Fortunately, the slowdown of the residential market around the nation has not affected the sales in the city. Hyderabad has witnessed a relatively higher demand when compared to the other cities.
- The slowdown of the retail market: As malls and other retail outlets have been shut down due to the pandemic, there has been a temporary slowdown in the market. But it is expected to recover quickly after the lockdown ends.
Mr. Rakesh Reddy’s insights show us that the market is facing a temporary slowdown, given the ongoing conditions. But once everything reverts back to normal, he expects the momentum to pick up the pace again. To read more details, visit:
LINK
https://www.99acres.com/articles/real-estate-expansion-plans-on-hold-due-to-coronavirus.html
RECENT NEWS
Aparna Constructions has been featured in an article by IndiaRetailing titled “Aparna Constructions to Launch 4 Malls by 2027, Next Opening Slated for 2025”.
In this piece, Rakesh Reddy, Director of Aparna Constructions, offers insights into the expansion of our portfolio. He discusses our ambiti
Aparna Constructions has been featured in multiple publications for launching two new luxury apartment projects in Hyderabad, Aparna Newlands and Aparna Sarovar Towers, with a total investment of Rs 2,425 crore.
Rakesh Reddy, Director at Aparna Constructions, offered insights into these ambitious
Mr. Rakesh Reddy, Director, Aparna Constructions, offers insights into the growth of India’s real estate sector in the article “Building the future: How India’s Real Estate Sector Is Paving The Path To A $1 Trillion Market,” published by EPC World.
In this article, he discusses the factors behind
Aparna Constructions has been featured in multiple publications for its recent investment of ₹ 284 crore for its foray into the retail and cinema business verticals.
Mr. Rakesh Reddy, Director of Aparna Constructions, offers insights into this strategic expansion, emphasizing our vision to divers
Aparna Constructions has been featured in Homes India Magazine in their article, titled “Future Trends in Smart Home Technology: What to Expect,” Which offers insights from Rakesh Reddy, Director, Aparna Constructions. He discusses the transformative impact of smart home technology in enhancing living
Get Updates
Subscribe to Stay Informed with the Latest News and Updates.
Locations
-
HYDERABAD -
BANGALORE