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“The current scenario of real estate requires government intervention and support. It is likely to see a decline in the price of flats and property”

Work From Home Scenario.

• It is possible for lot of employees to not visit the office and still be productive.
• In RBL corporate office, it is found that it is enough that only 30% staff stay in the office. Others can be connected from homes. This leads to lesser commute expense, stress of the commute, time wasted, etc.
• Parents can take care of children more effectively when WFH. There can be dark hours when no calls will be made, etc

Optimism

As per a McKinsey survey of entrepreneurs released few days ago, 53% of Indian entre-preneurs are optimistic, while only 25% of Japanese entrepreneurs are optimistic. It seems to be a mild U-Curve for the Indian economy. But the descent has not stopped yet.

General Outlook

• India seems to have supressed the curve so far. It looks like it might escape the worst of the pandemic, but will have to be cautious about it.

• Possibility of W Curve – i.e. There is a good chance of re-occurrence of the virus, which could see a possibility of regular lockdowns. Businesses need to plan accordingly.
• Capital will look for countries that are less battered. Western economies are badly bat-tered while countries like India, Indonesia, etc are not so battered. Global Capital could flow into India, if we can act efficiently to pull it.
• Emotional and Economic backlash against China is expected. Already, countries and companies are working on strategy to pivot away from China as part of their supply chains. Japan Govt has announced packages for it’s companies bringing back manufacturing home. Businesses need to keep this in mind and work accordingly.

#DontROAMstayHOME

On May 12, Prime Minister Narendra Modi called upon Indians to be “vocal for local”. The ultimate strategy in which we, as citizens and professionals, interpret the local will have far-reaching effects on the country’s well-being and prosperity.

No matter if one is leading a product or services firm, brand development is a crucial element of every company. Todays’ environment and strong competition demand strong brand persona to stand out from others. In order to form a clear-cut identity and trust in the market, it is important to invest and collaborate with right the right people and brands. Real estate has a close connection with people and what we do, leaves a strong imprint in people’s lives. Hence, we are looking forwards to create an environment and society where local brands and Indian talent is embraced as a priority.

Manglam group is always dedicated and determined to work with the alignment of government policies and we also understand the need to promote ‘vocal for local’ campaign initiated by Honourable Prime Minister. There is a need to look out for better and efficient Indian substitutes of goods and services to promote and strengthen nations’ economies. This is a tough time for all of us but it can be surpassed if we join our hands and vow to come together as a team and show our true potential.

Manglam Group and family are all up to serve our nation and stood up as a family.

Jai Hind!

The economy was in poor shape even before COVID 19. The govt has little leeway to provide large stimulus. The government earns about $60-70 billion a week from taxes. Imagine what a hit a 5-week lockdown will have. The size of the Indian economy is about $3 Trillion. In some scenarios, it is predicted that Govt could take a hit of nearly $1 Trillion. Inequality has already sharpened.

The gap between rich and poor has further increased. The government needs to concentrate on mass health and mass welfare. If not, 200 million people could sink into poverty. The government must explore printing currency (Quantitative easing), but there are limitations here. It has side effects like inflation, etc. Rich countries have more leeway for such quantitative easing .The government must concentrate on grabbing more capital from outside and do reforms to enable that.

Moreover, real estate in India is sitting on a huge inventory with a huge cost-of-carry as it is highly leveraged with low margins. Unsold inventory is considered as an appreciating asset, but might turn out to be a flawed view. The market was already overdue for a huge reset, which will be accelerated by the pandemic. In addition to this, the companies can consider to set their own smaller spaces for work and encourage WFH more among employees.

Looking at the financial markets, there will be value destruction and value creation in different companies in the same sector. High Debt low margin companies will find it difficult which indicates risky or unscrupulous management. However, high Debt high margin companies could be rewarded, but caution needs to be exercised. And companies with no debt are best rewarded now.

Considering the current situation of the forex market, the government should buy as much oil as possible, as this price may never be seen in the future of the oil industry again. Furthermore, as the western economies are more battered and the Indian economy is less battered so far, there is more liquidity coming in. That’s why there is a rally in the market. This scenario could change depending on the spread of the disease in India.

Manglam’s Kherwadi Industrial Park is located on Todi Daulatpura road near new transport Nagar, Sikar road in Jaipur. This 150 bigha township has plots for industrial use starting 1000 sq yards onwards. The inauguration of office of this project was held today & Manglam Group’s founder & Chairman Shri NK Gupta, Directors Shri Vinod Goyal, Shri Ram Babu Agarwal, Sales GM Mr. Prakash Agarwal & other dignitaries were present on this occasion.

The office of Manglam Aadhar was inaugurated by Manglam Group’s founder & chairman Shri N.K. Gupta. This scheme will benefit EWS/LIG community under Rajasthan Mukhyamantri Jan Awas Yojana (RMJAY). Respected Directors – Mr Vinod Goyal, Mr Rambabu Agarwal, Mr Ajay Gupta, Mr Sanjay Gupta, Mr Nitesh Agarwal & GM Sales & Marketing – Mr Prakash Agarwal along with Manglam Group’s staff were also present on this occasion. The office of Manglam Aadhar is located on 7th Floor of Apex mall, Lalkothi, Tonk Road, Jaipur. One can always visit Aadhar’s website by clicking here: http://aadhar.manglamgroup.com/