The real estate sector, which was already going through a slowdown over the past few years with poor sales and high levels of inventory, is unlikely to see much action, as we head towards the opening up of the lockdown in a phased manner.
The sentiment has further soured on account of the poor economic activity due to the lockdown, which has resulted in pay cuts and job losses across sectors. “People are likely to follow a wait and watch policy for at least the next month.
The covid-19 cases are going up and people are likely to be cautious despite the restrictions lifting up," said Dhruv Agarwala, Group CEO, Housing.com, PropTiger.com, Makaan.com and Fastfox.com.