Real estate developers across India are sitting on an unsold inventory worth Rs 370,000 crore even as homebuyers defer their purchase decisions due to the evolving COVID-19 pandemic, which has led to sales declining by nearly 30 percent in Q1 2020 on a year-on-year (YoY) basis, a new report has […]
Realty Readies For The Worst In The Times Of Cash Flow Pressures
The three-week lockdown to contain the covid-19 pandemic has deeply impacted India’s real estate sector, which was already reeling from a liquidity crunch and weak residential sales. The impact on discretionary spending may disrupt the retail mall business for a long time, while a sharp drop in home sales will […]
Is It The Time When India’s Real Estate Price’s Will Finally Face A Reality Check?
A reality check on real estate prices in India often comes through a process known as ‘time correction’, rather than a drop in absolute prices. Time correction refers to a situation where real estate prices remain stagnant for some years, while inflation and incomes rise, thereby resulting in improved affordability. The unprecedented […]