The covid-19 pandemic and the consequent disruption to businesses has been brutal for the real estate sector which has been going through a rough patch the last few years.
The sector is now staring at a bleak near term, with sentiment at an all-time low. Sentiment of the sectoral stakeholders nosedived in the first quarter of 2020, revealed a survey conducted by Knight Frank India, Federation of Indian Chambers of Commerce & Industry (FICCCI), and National Real Estate Development Council (NAREDCO).
According to the result of the survey, the sentiment score dropped to 31 in Q1 2020 after a brief revival in the October-December quarter of 2019.