The world economy seems to be experiencing one of the most severe downturns in recent memory. The latest pandemic has had a detrimental effect on the economies of several nations, including India. The International Monetary Fund forecast India’s growth rate at 1.9 % for fiscal year 2021, down from 5.8 % previously. This poses a significant challenge to the Indian economy. The resumption of work was complicated by the workers’ surprising return to the employers from underground. Developers struggled to locate enough job-creating jobs due to the labour market severe constraints. The populace is burdened by the great pestilence that threatens the nation. Indian real estate, which was still emerging from the implications of demonetization (November 2016) and other changes, was jolted by this pandemic, with building development halted and real estate transactions paused. Indian real estate should plan itself for a post-COVID-19 environment and be prepared to take several new and technology-driven moves to get back on track. The secondary data research methodology is used in this paper and the aim of the research is to discuss the pre-pandemic real estate market and the effect of COVID-19 on the Indian real estate market. Additionally, it discusses the risks and prospects confronting various real estate industry participants.
The paper presents a summary of the literature on the significance and importance of entrepreneurship to economic growth and development. Entrepreneurship has been shown to have been seen to lead to an overall optimistic development in many economic data. There is a general expectation that this inquiry would address the question of whether there is a correlation between the entrepreneurial enterprise and economic growth. In countries with various economic groups, different citizens are classed due to how much wealth they have. The data used in this paper were extracted from the World Bank, the World Entrepreneurship Monitor (WEM) over the last five years, and the World Economic Forum has a Database of Worldwide businesses. However, in low-middle- and middle-income nations, growth-oriented entrepreneurship is associated with economic progress. Analysis of various countries and different levels of economic growth, so it can be claimed that entrepreneurship serves a special position.
Financial and real estate crises have been the most prevalent forms of economic catastrophe over the past three decades. In 2008, India endured a financial crisis unprecedented in its history. Canada seems to be creating a real estate bubble recently; Bloomberg Economics puts Canada as the OECD’s second greatest housing bubble in 2019 and 2021. In the case of the Indian real estate bubble, the capital and large cities saw the largest increase in house prices initially, then comparable increase spread gradually to smaller towns and provinces. Thus, this paper conducts a comparative study of the real estate markets in India and Canada and presents a basic analysis of the Canadian real estate market based on the Indian experience with the real estate crisis. Specifically, the article explores the recent economic history and deduces the elements that contributed to the real estate catastrophe. After collecting data and gaining a thorough knowledge of both nations’ real estate markets, the article performs a comparison study employing indices such as the housing index, the corruption rate, and the Business Survey Index (BSI). The research indicates that property prices in Canada are projected to rise because of a significant association between corruption and house prices and a decline in the BSI index. The research provides some recommendations to avert a full-fledged real estate meltdown.
Property reuse secures the reuse of developed land as part of new projects, cleans up polluted properties, and reuses and uses the land around development or social housing. Identifying unoccupied land and determining which properties may be used for social housing are significant challenges to regenerating idle land. Most municipalities need appropriate economic incentives to assist in maintaining and restoring unoccupied land, abandoned constructions, cultural assets, and historical buildings. It is challenging to determine deserted terrain using picture classification, since the morphology of such areas can include, among other characteristics, abandoned structures and barren soil. Although it may solve significant issues, social housing offers people a secure, long-term residence. In many countries, social integration remains the main objective of the social housing sector. However, the sector has an increasing proportion of low-income and vulnerable renters and a smaller range of income levels. This may threaten the industry’s economic viability and exacerbate the geographical concentration of poverty and disadvantages. What will the total effect of the reuse of property for social housing be? is the research question. What types of properties may be used for social housing? How do you recognise them? Furthermore, what effects would the repurposing of properties for social housing have? This research uses qualitative content analysis to discuss the location of houses for reuse and conversion to social housing. Additionally, the implications of social housing were examined.
Natural disasters occur often around the globe and result in significant loss of life and property. Over the last two decades, there has been a remarkable rise in extreme weather events that have the potential to wreak devastation on the planet. Frequently, disaster-affected regions needed to enhance their capacity for rebuilding, requiring more experienced and competent personnel to oversee the projects. Post-disaster reconstruction (PDR) is a complicated and difficult procedure requiring a variety of distinct and well-coordinated actions. The purpose of this research is to examine the effect of disasters, analyse the problems associated with post-disaster housing reconstruction projects in India, and provide potential solutions. A standardised questionnaire was used to gather data from a purposeful sample as part of a quantitative methodology. The analysed data reveal that institutional procedures, rebuilding techniques, project execution, and stakeholder management all contribute to the effective implementation of post-disaster home reconstruction projects.
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