NEW DELHI : Affordable housing will be the most affected due to countrywide lockdown imposed to arrest the spread of COVID-19, a cross-section of industry experts said on Thursday.
Khushru Jijina, managing director of Piramal Capital and Housing Finance, said blue-collar workers will be the most impacted section. "Only if all of us (developers) survive and our projects are completed, then only we will be able to do business," he said while addressing a webinar organised by the National Real Estate Development Council (NAREDCO).
Jijina said developers must plan how to honour their commitments. "Price reduction is unknown to us, but people should understand that now this is the bottom.