Aditya Kushwaha, director and CEO, Axis Ecorp, also agrees that the luxury and residential segments will emerge as gainers, once the pandemic is over. People who have been living in rental houses have started to think about owning their own space. This is driving sales in affordable housing, which has performed well in the past, as well. Apart from this, the luxury segment is booming. The luxury housing sector had shown a marginal increase in 2020, as compared to 2019.
Even as the vaccination drive picks up pace, it will be a while till offices have their entire workforce under their roof and this would continue to hurt this segment for the rest of the year and even beyond,” says Kushwaha.