New Delhi, March 25, 2020: “The coronavirus has affected the real estate sector very prominently. During auspicious festivals like Gudipadwa, and Baisakhi we usually see an uptick in the market, which is missing. The housing sales will be impacted adversely due to COVID-19. Last year, the festive season was affected due to extreme monsoon and now the sector is facing the challenge of coronavirus. Also, the prices of steel and other construction material have a direct bearing on the real estate industry as India is a big importer of steel and iron products, technical construction equipment as well as plastic and fiber elements from China. With production in China going down, the prices of these materials are bound to increase, resulting in increasing the costs and reducing the profit margins of real estate developers in India. Moreover, the ‘work-from-home’ policy does not apply to the real estate and construction industry, many projects will be delayed if the situation in India worsens.”
Corporate Comm India (CCI Newswire)
Strategic alliance to offer credit life insurance, to provide financial protection for home loan customers …
New Delhi, March 15, 2025: The Dwarka Expressway, once envisioned as a solution to Delhi's…
The new launches in the city grew 8% YoY to 51,693 units in 2024, indicating…
New Delhi, March 15, 2025: Bollywood star Akshay Kumar has sold his apartment in Borivali…
Located bang on Kelambakkam-Vandalur Road, the community offers 2, 3 & 4 BHK high-rise homes…
New Delhi, March 15, 2025: "The Tamil Nadu State Budget has factored in infrastructure as…