Exemplary- 360 Realtors made a sale of Rs 105 crore during the lockdown

Amid corona crisis over the world, an Institutional Channel Partner (ICP) in India, 360 Realtors has revealed a surprising statistic. It has sold more than 112 units during the lockdown having a Gross Transaction Value (GTV) of more than Rs 105 crore through online bookings. The company has also announced that it will be contributing INR 25,000 from now on for every deal closed to the PM CARE fund, starting from this Saturday.

Calling this a remarkable effort from the sector which has come out with plans to tackle the situation thrown at their door by COVID-19, Ankit Kansal, MD, 360 Realtors, said, "The sector is showing resilience as most of the companies are working from home & trying to engage with customers through alternative mediums such as telephonic calls, video chats, online meeting platforms, etc. This crisis has once again necessitated the need for investing in online meetings, digital walkthroughs, & tech-enabled transaction platforms."

Talking about the deals he informed "Old funnel got converted and many of these deals were from the NRIs who are contributing in bigger numbers than the domestic buyers. Many expats are trying to leverage dip in the value of INR.  The closure of the financial year has also helped in pushing ahead."

Post COVID-19 the sales volume is expected to grow and buyers who wished to buy during the festive seasons will come back. "It is the result of the online activity being done by the potential buyers who are getting enough time to discuss & research on properties. This is pushing ahead sales; once the crisis subsides, the sales figures will see a remarkable change," he added.

There is also notable interest in mid-sized commercial assets. As the stock market is staggering, many investors are now scouting attractive deals in the commercial space, lured by elevated rental yields and attractive capital appreciation.