InvestorQ : Has the COVID-19 impacted sales of residential units in India in the last few months?
Anjana Aiyar made post

Has the COVID-19 impacted sales of residential units in India in the last few months?

Answer
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Arya Nanda answered.
3 months ago


The impact on housing was seen over the last 3 years but the impact has been most pronounced post COVID-19 onset. It is estimated by realty consultants that housing sales plunged 75% after the outbreak of Coronavirus pandemic. This has forced a number of developers and builders to offer discounts and better flexible payment plans to boost sales.

While developers and property brokers are adopting digital mode for sales and marketing, homebuyers are tad cautious due to uncertainties. Prices of properties in most areas may have fallen but it is only marginal. Instead, builders are sweetening deals and giving them flexible plans. Despite the fall in sales, no price crash is seen yet.