If you have already bought a house and were waiting for possession, get ready for a delay. If you are planning to buy one, wait for things to settle down It is difficult to think of a business that has not been impacted by the covid-19 pandemic.
However, for the Indian real estate sector, the impact of the crisis can be a double whammy. The sector, especially the residential segment, has already been struggling with project delays, regulatory changes and low sales for the last few years.
The quantum of impact will depend on how long the lockdown will last and how long the economy will take to get back on track.
Many experts said that the situation may deteriorate into a recession similar to what we saw in 2008, if not worse. Here are the