In the last few quarters real estate sector had started seeing the emergence of the first green shoots of revival. There was an increase in demand and decline in unsold inventory.

However, the covid-19 outbreak has put a dent in the expected recovery of the real estate sector. According to a quarterly report, Residential Market Update January-March 2020, by 99acres.com, a real estate portal, “the Jan-Mar 2020 quarter witnessed the housing industry on a revival mode with both enquiries and sales volume growing, albeit moderately, versus the previous few quarters.

The month of March, however, unfolded unexpectedly with the outbreak of covid-19. The situation brought property site visits and construction activities of over 15 lakh units to a.

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

Unsold inventory and stalled projects loom large over real estate: 99acres.com

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