A new virus has swept through India, Covid-19. This virus has affected the economic activity, particularly real estate, and is likely to continue to affect the industry until the coronavirus pandemic ends in 2020. While the disease has been devastating to many, the industry has been better prepared for the coming disaster than it was before. As such, the industry has adopted digital tools to market and sell properties.

The first wave of Covid was bad enough, but the second wave was even worse.

The impact of the virus on the real estate industry is yet to be determined, but the real estate sector has been undergoing changes. Experts are predicting that demand for housing will decrease in April 21, although most developers believe the situation will not reach this low by the end of the year. Unless the situation improves soon, the sector will take a huge hit.

Despite the challenges,

the real estate industry is showing signs of recovery. Low home loan rates and sops offered by realty developers have boosted home sales. The recent resurgence of the pandemic and restrictions on home purchases has added to the momentum of the sales. A survey conducted by CNBC shows that 58.5% of respondents plan to invest in real estate in the future. In this case, tangible assets will be the go-to option for many investors in the future.

The Covid outbreak has hit the real estate sector hard,

bringing the country’s economy to a halt. But despite the difficulties, the crisis will not last too long. The report from Deloitte Touche Tohmatsu India LLP focuses on changes in consumer behaviour, which will help the industry recover. In the residential sub-sector, 74 per cent of respondents expect the demand for housing to increase 10-20 percent.

The real estate sector is thriving in the wake of Covid-19.

Despite the difficulties in the housing market, the government has taken several steps to ease the housing crisis. In Delhi, a report released by Deloitte Touche Tohmatsu India LLP argues that the recovery will be gradual. Inflationary pressures on the housing sector will continue to hamper the market and lead to a fall in home prices.

The economy continues to recover after the Covid epidemic.

In the residential sub-sector, it is expected to increase by 10 per cent and see prices rise by up to 20 per cent. In the commercial sector, there is a similar trend. The real Estate sub-sector is also expected to grow, though more slowly than other sectors. However, the demand for housing is still far higher than it was pre-Covid.

In the near term, the Covid-19 outbreak has slowed down economic activity and real estate developers are struggling. Most experts believe that the demand for housing has declined in April, but most developers feel that this drop will not continue beyond that. Nevertheless, the reality is that the real estate sector will take a hit if the situation does not get under control soon. But in the short-term, the outlook remains positive.

As the Covid-19 outbreak continues to take its toll on real estate,

the economy is thriving. While the economy has recovered from the initial impact, the recovery has been far more difficult for real estate developers. While most developers are hoping that the situation will subside in April, they are concerned that the market will be hit even harder if the outbreak continues. This may happen in the near future, but the longer the Covid-19 crisis lingers, the greater the damage will be for the Real Estate sector.

Despite the lingering effects of the Covid-19 pandemic,

the real estate sector is still growing and the recovery will be accelerated in the coming months. A new study by Deloitte Touche Tohmatsu India LLP has found that 62 per cent of respondents expect the residential sub-sector to grow 10 to 20 per cent in the next few years.

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