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The wait to own that new house just got longer

covid-19 experts pandemic consequences
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livemint.com:

The covid-19 pandemic has taken a huge toll on the real estate sector with construction activity coming to a grinding halt.

Though developers have been allowed to resume construction in a few non-containment districts, the damage is already done. The worst sufferers are, of course, the homebuyers who are waiting for the possession of an under-construction house or are planning to buy a new one.

Here are some consequences they should prepare for. Those who have already bought a house and are waiting to get possession should prepare themselves to face delays and losses. Pay both EMI and rent: The immediate impact on the existing buyers is project delay.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
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Recovered: 0
Brazil
Brazil
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Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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