CORONA VIRUS COVID-19 Declared as Pandemic | Reconsult Advisory Services - 09988091143

COVID-19

CORONA VIRUS COVID-19 Declared as Pandemic

What is COVID-19

(COVID-19) which is known as Coronavirus disease is an communicable disease caused by a newly exposed and highly dangerous virus., March 24, 2020

The Whole family of Corona Viruses is known as Corona Viruses because the word “Corona Virus” is derived from Latin CORONA means crown or halo so this refers to the way virus looks under the Microscope like there is a crown on the top of the virus. Some of them, four or Five different kinds cause common diseases among humans everything from Common cold to mild and moderate respiratory illness The World Health Organization has named the disease caused by the virus – COVID -19 because it is a new kind of Corona virus which haven’t seen among humans before.

Outbreak History

The Theory is that it may have jumped from an Animal species into the Human Population, and then begun Spreading around the world.

A Novel Coronavirus outbreak was first documented in wuhan in china in Dec 2019 as of this it has now been confirmed on 6 continents and in more than 100 countries.

How does it transmit from Person to Person?

When a new Virus emerges, we often have to learn much more about it  as most respiratory viruses are spread by large droplets that come out when people cough and sneeze, and Stay aloft usually for about 6 feet in front of them.

They land on surfaces and then can also be transmitted between person to person by touching the infected surfaces such as door knobs or other surfaces.

The COVID-19 virus spreads primarily through droplets of saliva or discharge from the nose when an infected person coughs or sneezes, so it’s important that you also practice respiratory etiquette (for example, by coughing into a flexed elbow.

Age groups in which this Disease Spreads

  • This Disease is known to occur in all age groups.
  • It is mostly spreading in children less than 10 years of age and in older people more than 55 years of age.
  • High risk for older people and those with underlying medical problems like cardiovascular disease, diabetes, chronic respiratory disease, High Blood pressure, and cancer are more likely to develop serious illness.

Is this Corona Virus Dangerous?

Yes this is Highly dangerous Coronavirus.

The majority of cases in china are suffering from this disease; some travellers are brought this virus to other countries including United states. Main thing to keep in mind that this is a Respiratory virus season. It is not safe to Travel while corona virus is spreading as it may lead to seemingly High Death Rate due to thousands of Virus cases in Country because of this hazardous virus.

For this current 2019 corona virus, we are not yet sure whether it is droplet or airborne Transmission. So we are erring on the side of Caution and taking protection as if it was spread by the airborne route.

Symptoms

People who have underlying medical conditions and those over 60 years old have a higher risk of developing severe disease and death.

Common symptoms include:
  • fever
  • tiredness
  • Dry cough.
Other symptoms include:
  • shortness of breath
  • aches and pains
  • sore throat
  • Few people will report diarrhoea, nausea or a runny nose.

People with mild symptoms who are otherwise healthy should self-isolate and contact their medical provider or a COVID-19 information line for advice on testing and referral. People with fever, cough or difficulty breathing should call their doctor and seek medical attention.

  • COVID-19 symptoms include cough, fever and shortness of breath.

There is no Vaccination or Cure of Corona Virus

At this time, there are no specific vaccines or treatments for COVID-19. However, there are many ongoing clinical trials evaluating potential treatments. WHO will continue to provide updated information as soon as clinical findings become available.

  • Wash your hands regularly with soap and water, or clean them with alcohol-based hand rub.
  • Maintain at least 1 meter distance between you and people coughing or sneezing.
  • Avoid touching your face.
  • Cover your mouth and nose when coughing or sneezing.
  • Stay home if you feel unwell.
  • Refrain from smoking and other activities that weaken the lungs.
  • Practice physical distancing by avoiding unnecessary travel and staying away from large groups of people.

Steps to Avoid

WHO and CDC recommend following these precautions for avoiding COVID-19:

  • Avoid large events and mass gatherings.
  • Avoid close contact (about 6 feet) with anyone who is sick or has symptoms.
  • Keep distance between yourself and others if COVID-19 is spreading in your community, especially if you have a higher risk of serious illness.
  • Wash your hands often with soap and water for at least 20 seconds, or use an alcohol-based hand sanitizer that contains at least 60% alcohol.
  • Cover your mouth and nose with your elbow or a tissue when you cough or sneeze. Throw away the used tissue.
  • Avoid touching your eyes, nose and mouth if your hands aren't clean.
  • Clean and disinfect surfaces you often touch on a daily basis.

 

WHO also recommends these steps:

  • Avoid eating raw or undercooked meat or animal organs.
  • If you're visiting live markets in areas that have recently had new coronavirus cases, avoid contact with live animals and surfaces they may have touched.

If you have a chronic medical condition and may have a higher risk of serious illness, check with your doctor about other ways to protect yourself.

It’s Impact on India

 

  1. First time in the history of India, the share market has lost 14 lakh crore in a day.
  1. Visas cancelled for foreign nationals travelling from affected countries.
  1. Religious tourism and weddings: potential coronavirus clusters in India
  • Places of religious gathering such as temples, mosques and churches can be clusters for coronavirus transmission in India, where religious tourism is high and community gatherings for celebrating festivals are huge.
  • Agra, another popular hotspot for tourists including foreigners, is a potential cluster.
  • One more potential coronavirus cluster in India is weddings where the average guest counts run from few hundreds to more than a thousand.
  1. Impact on India’s trade with China

      - With China under lockdown, India is expected to witness a major impact on imports and exports in various industries including pharmaceuticals, electronics, mobiles, and auto parts.

  1. Export ban on protection equipment

The DGFT issued a ban on the export of personal protection equipment such as respiratory masks and protective overalls, on 31 January. The exact reason for the ban has not been notified, though.

It’s Impact on Real Estate

As number of enquiries decreasing, share market being impacted and generally slow economy, it will impact all the housing segments in the real estate industry.

Coronavirus has already shaken economy and changed our daily lives.

It will undoubtedly impact the local real estate market – especially for those who had been preparing to buy or sell a home.Many Developers have their reservations around the launch of new projects keep in mind the current situation. Thus, new project launches are expected to see a fall by 15 to 20 per cent due to this harmful disease. There will be a few exceptions of course such as projects which are already in the soft-launch stage and have already seen a fair amount of marketing spend.

Most of the home buyers belong to the working class category and since many prospect buyers will not be too certain about their jobs, it will impact their buying decisions as they may not be able to decide to take the responsibility of an added liability and the burden of EMIs after buying a new property. The impact will be different across three different price points in the local market, which has three different types of buyers.

First-time Home buyers

These are often first-time homeowners who earn an hourly wage and have little in the way of savings for a down payment. This group also includes small business owners, They are the people likely to be hardest hit by closures, reduced hours and short-term layoffs. Many of them have no sick pay, no paid leave, and will not be eligible for unemployment pay if they are business owners, workers or are working on reduced hours.

Accordingly, this segment of the housing market will likely take the greatest hit in the coming weeks and months. With first-time buyers unable to move because of the coronavirus’ economic impacts, available housing stock risks getting gobbled up by investors looking for single-family properties to rent out.  Public and private support will be needed to rebuild the stability and family wealth-building opportunities that home ownership represents and ensure that the region’s recovery doesn’t leave anyone behind.

Move-up buyers

These are the people most likely to have stable salaried jobs that can work from home during this crisis. Many of these workers have flexibility in their jobs, and their income is unlikely to be impacted by the disruptions in the workplace. These are also folks who are likely to have sufficient savings for a down payment and closing costs and professional graduate education. These home searches are often to accommodate changes in households, or to be in a desired school district, factors that will still exist when the crisis passes. Spending more time at home this month may reinforce the need or desire to make a move that better meets their family situation.

So, given the previous undersupply of homes for these buyers, most sellers in this price range will still be able to find buyers. But no matter what challenge we are confronting as a city at any given time, everyone needs a place to call home — food, shelter, and health are the three basics needed to sustain life. Eventually, the market will recover and so will we. Residential demand is expected to decline in 2019-20 (April-March) after showing a slight improvement over the last two years, 2016-17 and 2018-19.


Follow Us

Recent Post

Impact of Indian Currency Change on Real Estate

Good News for Developers / builder - Impact of Currency Change of Real Estate

Property in Mohali | Real Estate Development News

About Us

Reconsult Advisory is leading online real estate Comparison portal. The site offers a quality of information on the bases of comparison of India Real Estate market. we provide the information according to present realty scenario of different cities in India.

Image gallery