BENGALURU : The three-week lockdown to contain the covid-19 pandemic has deeply impacted India’s real estate sector, which was already reeling from a liquidity crunch and weak residential sales.
The impact on discretionary spending may disrupt the retail mall business for a long time, while a sharp drop in home sales will heighten liquidity and cash flow pressures for developers.
Affordable housing, which has held up in the five-year-long slowdown, may also get hit by the ongoing crisis. However, the commercial office business, which has been an outlier of sorts, may face limited impact though this may be determined by how the information technology (IT) sector, one of the largest occupiers of office space, performs in the near future. “Re
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