The corona virus appears to now have possessed an impact approaching the Indian stock business by consuming a huge sum of money of the investors, and presently the real estate area implies no way back at least by no reducing asset prices but with consuming cash movements which are one of the great reasons to suffer. As we talk regarding this, we all understand this pandemic economic impact is short-lived, plus we are all interested to comprehend how this economic influence harms the real estate market?
What is something that drives the housing industry and what does that work like post lockdown? Well, the market is likely to be driven by overall confidence including the demand and supply issues. To mention the apparent customer confidence, it is likely to take a hammering effect and the residential property prices are likely to fall. However, it is a great opportunity for buyers. Learn more about it below.
If you are avidly following the Coronavirus outbreak timeline in India, you would know that the country has implemented a complete lockdown protocol on March 24, 2020. With the country currently ravaged by over 27890 confirmed cases and over 870 unfortunate deaths, the duration of the lockdown has been extended until May 3, 2020.
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