AFFORDABLE HOUSING SEGMENT IN ALL LIKELIHOOD WILL NOT SEE ANY DIP
The pandemic has adversely impacted all the sectors of the economy including real estate. Sales and construction are impacted and at standstill as per government orders. This situation may remain the same until the lockdown is in effect but will have a lasting effect on the economy as project deliveries shall be delayed. However, since real estate is the only long term and stable investment asset compared to the other volatile options, steady investment growth is anticipated once things get back to normal. As of now, the sales are impacted as draws cannot be held but it is a temporary phenomenon especially for affordable housing Gurgaon where the demand is much higher than the supply. Once things calm down, the buyers are likely to make decisions faster and thus helping this segment get over the Corona effect. In any case, the second half of March and April are generally not great from a sales perspective. For affordable housing Gurgaon , which made approximately 6...