Impact of Coronavirus on Indian real estate

The covid-19 has caused immense trouble in the world. The Majority of the population have lost jobs and are migrating back to their home town. The entire market has completely collapsed. A study says Millions in foreign countries are returning back to India.

Impact of Coronavirus on Indian real estate
Impact of Coronavirus on Indian real estate

The covid-19 has caused immense trouble in the world. The Majority of the population have lost jobs and are migrating back to their home town. The entire market has completely collapsed. A study says Millions in foreign countries are returning back to India.
 
India normally faces low hit in recession due to mix culture. This time due to high hit of covid-19 lockdown the movements of the business were not seen. Though Drops in BSE sensitive index are temporary, and each dip provides investors with the opportunity to enter the market and earn a higher return especially for those with a long term horizon. 

The real estate market in all over the country will be dropping to the high level. 

In an interview with the renowned builder of Mumbai who also has ongoing projects in Bengaluru and Delhi says the Investors have stopped investing in the property. The movements of the inventory for the last 3 months are very less. Moreover the properties which are getting sold are going on a discounted rate and may go more down in the coming days.

The Banks and NBFC will think multiple times in disbursing the loans as the cost of the property which has to be modegadeged, will not be giving good returns. In today’s market the cash flow is important. The individual staying in cities are moving back to interiors to match the cost of living. The salaries of major companies have been stopped or hold or either laid off.

In an interview with the investor of multiple property he reviled The tenant has vacated the property and he is able the not getting rent for multiple months. He is paying the high emi out of his pocket.Now he will not be able to sustain the condition anymore and banks will acquire the property.