Real Estate Industry of India: Overview

Real Estate Industry of India: Overview

Tuesday, October 06 2020

The real estate industry sees a gloomy outlook amid the Covid-19 outbreak. The sentiment (of developers and lenders) which showed certain signs of stimulation during the October-December quarter of 2019, has suffered an enormous slowdown due to the Covid-19 crisis with both current and future sentiment index falling to an all-time low in pessimistic zone1. More than 60 per cent of the stakeholders (developers and lenders) have stated that the current Covid-19 situation will negatively impact residential new launches, sales and prices in the next six months2. The residential sector which already had concerns of weak demand will find it difficult to launch new projects and complete the ongoing ones due to construction halts and labour shortage.

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