E - PAPER

CURRENT MONTH

LAST MONTH

VIEW ALL
  • HOME
  • NEWS ROOM
  • COVER STORY
  • INTERVIEWS
  • DRAWING BOARD
  • PROJECT WATCH
  • SPOTLIGHT
  • BUILDING BLOCKS
  • BRAND SYNC
  • VIDEOS
  • HAPPENINGS
  • E-MAGAZINE
  • EVENTS
search
  1. Home
  2. Interviews

India Q1 GDP and Impact on Real Estate

Ramesh Nair, CEO, India & Managing Director, Market Development, Asia at Colliers shares his perspective on April-June quarter (Q1) GDP and impact on real estate. India’s GDP in the April-June 2021 quarter rose 20.1

BY Realty Plus
Published - Monday, 06 Sep, 2021
India Q1 GDP and Impact on Real Estate
Ramesh Nair, CEO, India & Managing Director, Market Development, Asia at Colliers shares his perspective on April-June quarter (Q1) GDP and impact on real estate. India’s GDP in the April-June 2021 quarter rose 20.1%, led by a low base effect last year due to the pandemic-led national lockdown in 2020. While the country witnessed a devastating second wave during the April-June quarter, the lockdowns were more localized, which meant that economic activity did not come to a standstill. The current numbers signals that the Indian economy is on its way to recovery after last year. During the quarter, construction activity rose 68.3 % showing signs of recovery. The construction sector saw the highest growth amongst all the sectors, during the quarter. However, this is against the April-June 2020 quarter wherein construction activity fell about 50% due to stringent lockdown measures which led to construction workers moving back to their hometowns.  We believe that growth in the construction sector will be led by sustained demand in the residential sector helped by increased affordability of residential properties. Moreover, the ongoing vaccination drive is being held at a fast pace, and will help in infusing optimism in the market. We expect a rebound in construction activity in next two quarters, but it could still remain below pre-covid levels, amidst uncertainty of third wave.

RELATED STORY VIEW MORE

REDEFINING ENTERPRISE WORKSPACES THROUGH SMART DELIVERY
REIMAGINING REAL ESTATE WITH IMMERSIVE TECH
WE CREATE LONG-TERM SUSTAINABLE ECOSYSTEM

TOP STORY VIEW MORE

Swan Energy Rebrands as Swan Corp, Eyes Defence & Infra Expansion

Swan Energy has rebranded as Swan Corp, signaling a strategic shift into high-growth sectors including defence, energy, and real estate.

25 August, 2025

Kavit Shah Appointed VP–Strategic Planning & Management at A. Shridhar Group

25 August, 2025

Vikram Ramesh Joins Panattoni India as Head of Projects & Design

25 August, 2025

NEWS LETTER

Subscribe for our news letter


E - PAPER


  • CURRENT MONTH

  • LAST MONTH

Subscribe To Realty+ online




Get connected with us on social networks!
ABOUT REALTY+

Started in 2004, Realty+, an exchange4media group publication is one of the most respected real estate magazines in India with offices in Delhi, Mumbai and Bengaluru.

Useful links

HOME

NEWS ROOM

COVER STORY

INTERVIEWS

DRAWING BOARD

PROJECT WATCH

SPOTLIGHT

BUILDING BLOCKS

BRAND SYNC

VIDEOS

HAPPENINGS

E-MAGAZINE

EVENTS

OTHER LINKS

TERMS AND CONDITIONS

PRIVACY-POLICY

COOKIE-POLICY

GDPR-COMPLIANCE

SITE MAP

REFUND POLICY

Contact

Mediasset Holdings 3'rd Floor, D-40, Sector-2, Noida (Uttar Pradesh), Pincode - 201301

tripti@exchange4media.com
realtyplus@exchange4media.com

+91 98200 10226


Copyright © 2024 Mediasset Holdings.
Rental Mobil bandung,Sewa Mobil Bandung, Rental bandung, Sewa Mobil, Jual Mesin Antrian, Harga Mesin Antrian, Mesin Antrian Murah, Jual KIOSK,Mesin Antri, Berita Terkini, Info Bray,Info Tempat Wisata,Portal Berita,Jasa Website