The reverse migration of workers since the government announced the lockdown to contain the covid-19 outbreak is a serious issue for labour-intensive sectors such as real estate.
Also, with basic support from the government for three months, many interstate migrants may not return to work anytime soon.
This may be bad news for homebuyers as shortage of labour can delay the completion of under-construction projects. Ashwini Kumar Sharma asks experts how much delay this can cause and how covid-19’s impact on the economy and personal wealth of buyers will affect the sector, especially the residential segment Impact will be severe if dearth of labour is prolonged Reduction in the availability of labour for project execution, together with the