siliconindia | | DECEMBER 20208Innovation and technology are two of the major growth driving factors that are contributing towards the rapid development of most industries and sectors around the world. Rapid adoption of modern advancements is key when it comes to becoming successful as it can give one the necessary edge over other competitors. The same rings true for real estate sector, since the better tech-based products you offer, higher are the chances for increased sales, even during unexpected circumstances like a global pandemic.Coronavirus pandemic has affected business operations across multifarious sectors throughout the world. In India, real estate and construction sectors are also witnessing the aftereffects of this situation, coupled with homebuying and property related trends that are being driven by this situation. Therefore, the need to survive during such unprecedented times has been greater than ever, and adopting technology can pave the way for smoother operations.IMPACT OF COVID-19 ON INDIAN REAL ESTATE AND CONSTRUCTION SECTORA survey conducted by KPMG to evaluate the cost impact of the Covid-19 pandemic on construction projects and its important aspects like workforce, material, plant & machinery, etc. as well as the net impact on overall costs of construction provided more insights. It suggested that labour costs for skilled workers are expected to rise by 20 ­ 25 per cent, while the cost for semi-skilled and unskilled By Ankit Goel, MD, Goel Ganga DevelopmentsIN MYOPINIONTECHNOLOGY PLAYING A VITAL ROLE IN REAL ESTATE INDUSTRY Being the Managing Director at Goel Ganga Developments, from the majestic city of Pune, Maharashtra,Ankit holds the degree of BBA (IT) from Symbiosis College Pune with exceptional marketing and management skills. His first construction projects include Ganga Constella in Kharadi and Ganga Carnation in Koregaon Annexe, Mundhwa.Ankit Goel
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