2020 pandemic Government

Deals, low rates helped housing sector battle the covid shocker

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real estate sector started the year 2020 with the hope that the worst was behind it, but the covid-19 pandemic and the ensuing lockdown made it wince with a never-experienced-before pain.

Sales plummeted by around 80% in the April to June quarter compared to the previous year, according to data from SquareYards, an online real estate transaction platform.The industry tried to battle out the situation by taking small steps at digitalization and by offering attractive deals, but it couldn’t have gone far without the support of the government.

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