Despite challenges, the Covid-19 lockdown has opportunities for India’s realty sector
The Covid-19 pandemic has thrown up monumental challenges for India’s real estate industry. While potential homebuyers—staring at possible job loss and pay cuts—are likely to stay away from the market, and commercial real estate will take a hit due to post-Covid-19 economic slowdown in the US and Europe. The Reserve Bank of India’s decision to reduce the repo rate to revive the Indian economy will benefit the realty sector.