This is due to the halt on construction activities. There’s been a 34% increase towards ready homes. Thus, even after the lockdown is lifted, there will be no surety that the projects will pick up.īecause of this, people are moving towards ready to move-in homes. This will lead to shortage of labour and further project delays.” – Anuj Puri, chairman, ANAROCK Property Consultants “With fear of the pandemic looming large, many may even opt to stay back in their villages longer. They also depend upon the return of the labourers. The delay in projects is not just due to lockdowns. Suspension of real estate projectsįor a labour-intensive industry, such as Real-Estate, the imposition of subsequent lockdowns can put a damper on all ongoing and future projects. Thus, continuous fumigation of the community or advocacy of government guidelines are a few rules that residents expect.Īpps like MyGate are acing the front of community management by allowing residents to view e-papers, order groceries online, and undertake strict guidelines for deliveries and entires. Similarly, prospective home buyers or owners, are interested in ensuring that their community is enclosed by a protective net. While purchasing groceries or products online, people have started to consider “restaurant hygiene” as a factor before placing the order. With the emergence of COVID-19, people have become much more cautious about safety and hygiene. Here are a couple of transitions faced by the people under the Real-Estate sector: The need to maintain additional safety Activities moved to an online medium, people grew more skeptical of purchasing due to the liquidity crunch, fear lingered amongst people day and night.Ĭonsiderably, the Real-Estate sector also started to witness a change in buyer and builder sentiments. What to keep in mind while building a chatbotĬhanges witnessed in the real estate sector.Use cases for implementing a COVID-19 x Real Estate chatbot.Changes witnessed in the Real-Estate sector.Here’s what we’ll cover through the course of this blog-piece: In this article, we’ll take a deep plunge into how COVID-19 has affected the Real-Estate sector and how chatbots can help. And it acts as a bridge between you and your clients. Thus, to manage the increased volumes of prospects on your website or simply engage clients, conversational automation becomes your friend in need. Since the advent of the lockdown, companies are leaping towards moving the activities online. Such as project delays, acceptance of digital transition, and financial grip. The severity of the situation directly depends on certain factors. Plus, with the exodus of labourers and the construction halted, the sector faces several hurdles on a daily basis. Thus, for a sector that is more labour-intensive, the effect of the lockdown can be much more pressing and disruptive on the Real-Estate industry. Hence, jobs were lost, companies were shut and the economy blackened. COVID-19 slowly began to cast its spell on multiple industries. In March 2020, the whole world went into lockdown. Want to know how you can keep up? Then, let’s talk about the need to implement a Real Estate Chatbot during COVID-19. Don’t let this pandemic halt your business.
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