The COVID-19 pandemic has spared no sector of the economy and real estate, a key employment generator, is no exception.
Indian Real Estate Grappling with Volatility and Virus Perils this Festive season, says Dr Niranjan Hiranandani.
A bittersweet dawn for India’s housing sector
Defying previous election year trends when sales and new launches remained muted during this period, Q1 2019 saw both housing sales and new supply rise due to multiple Government sops in the first three months of 2019.
Knight Frank India has launched the 10th edition of its flagship half-yearly report – India Real Estate. The report presents a comprehensive analysis of the residential (across eight cities) and office (across seven cities) market performance for the period July-December 2018 (H2 2018).
Year 2018 was a veritable roller-coaster ride for the Indian real estate. Despite signs of recovery across segments, the liquidity crunch – further exacerbated by the NBFC crisis – put all industry stakeholders on tenterhooks.