The state of real estate and housing in India amidst pandemic: Impact and way forward
Excerpts from the Impact and Policy Research Institute (IMPRI), New Delhii event on real estate and housing in India amidst COVID-19, prepared by Dr Soumyadip Chattopadhyay, Arjun Kumar and Nishi Verma:
Much has changed with the Coronavirus hitting the world in December 2019. Amid countries applying extreme measures to contain the pandemic, businesses came to a grinding halt across the world, forcing monetary agencies to slash growth forecasts for the global economy, India included. While the adverse effects of the pandemic are already being felt across the world, varying opinions are emerging on COVID-19’s impact on the real estate sector, a health emergency that force-launched the biggest ever work-from-home experiment globally, putting a question mark on the relevance of workspaces in a post-Coronavirus world. The demand slowdown in the residential segment has already curtailed housing sale