18/06/2020
Covid-19 : Will it reset the Indian Real Estate Sector ?
Indian Real Estate sector which was already struggling to re-emerge from the past turbulence of the structural changes, policy reforms, and the liquidity crisis, is now set to witness another major fallout.
As evident project sites are shut, site visits have stopped, and construction activity has to come to a grinding halt, eventually impacting housing sales. Developers have deferred their new project launches for an unknown period.
Besides residential, commercial real estate is also not immune to the Covid-19 fallout. Corporate occupiers are seen delaying the leasing decisions and still several MNCs and businesses are testing new waters of the work-from-home option. If proved successful, it could impact leasing activities in future.
Retail businesses, highly dependent on consumer spending, are also witnessing a momentary slow down and reduced interest from global brands who may now consider revising their expansion plans.
