News
Funding will happen when fundamentals get corrected in luxury housing
With increasing uncertainty on Covid 19, going forward people are going to spend more and more time at home and so they need more amenities, more completeness within their house, says Amit Goyal, CEO – India, Sotheby’s International Realty.
“I think post-COVID things are going to be a big different the way people live, they way people work-out, do their activities, entertainment, etc. are all going to see a huge change”, said Goyal. He was speaking at Realty Webseries, a Realty & More and ICCPL initiative. The topic of the seventh edition of Realty Webseries was “Future of Luxury Housing Post COVID 19”. The panelists gave varied definitions of what luxury housing means.
On the issue of funding in luxury housing, Vikas Wadhawan, Group CFO, Housing.com, PropTiger.com, Makaan.com said that a lot of equity is expected to flow in, provided some of the basic fundamentals get corrected in the segment. “Faster delivery of the projects, single window clearance to reduce the cost, etc. are the fundamentals to be corrected to get the investors’ confidence in lending further to the segment”, added Wadhawan.
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