The Coronavirus pandemic has triggered an economic crisis in the entire world followed by loss of jobs with various businesses being hit hard financially. One amongst many is the property and construction line that has proven to be both profitable and loss-making at the same time.
While the property rates have fallen drastically making people wanting to invest, it has had an adverse effect on the business of property dealers, builders, and landowners. Mahir Khetwani, a Mumbai-based entrepreneur and the director of a construction entity named Rosa Group spoke at length about how the COVID-19 pandemic has proven to be fruitful yet unprofitable.
He says, "There has been a lot of pros and cons of this lockdown to the construction industry. Starting with the only positive thing that is the sale for ready flats has increased post lockdown as people who don't have their own flats have started feeling insecure and are wanting to own the flat they are staying in. Where in talking about the disadvantages, there are lots. Like, 1) The laborers have gone back to their respective villages and are still returning so the construction work is happening very slowly. 2) People are losing faith in most of the developers so sales for under-construction projects have gone down tremendously. 3) Everyone is interested in buying ready property as the rates aren't increasing so people know there isn't gonna be an uprise in the price".
Born and brought in a family that deals with lands and buildings had given Mahir a close exposure of the construction world. With his young mind and innovative skills, Mahir carries forward his dad's business by taking it on the new heights. The entrepreneur has worked hard for years and has built an empire where he deals with construction, sales, finance, and marketing with utmost excellence.
Apart from being a magnificent entrepreneur, Mahir is even fond of automobiles. He has a wide range of premium cars right from Lamborghini Huracan to Rolls Royce Drophead coupe to Mercedes AMG G63.
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