The Impact of COVID-19 on the Real Estate Market
The COVID-19 crisis significantly impacted the residential real estate market this spring. Health concerns and stay-at-home orders led to fewer buyers looking for homes and fewer sellers willing to list their properties or allow strangers to enter their homes during a pandemic.
Covid-19 second wave hits Real Estate Sectors
The second wave came as a shock for many real estate developers, who are struggling on all fronts since April. While homebuyers have reduced drastically, a shortage of labour has led to delay in project completions. This could led to additional cost factors for real estate firms.
With shops closed once more and consumers tiring of living their lives online
Market complexes in urban (municipal) areas will not be allowed to open.
Shops in multi-brand and single-brand malls have still not been exempted and will remain shut.
Cinema halls, malls, shopping complexes, gymnasiums, sports complexes, swimming pools, entertainment parks, theatres, bars and auditoriums, assembly halls and other such places will remain closed.
Due To This Pandemic Situation
Stay home stay safe. If you show symptoms of COVID–19, self isolate yourself, wear a mask around others and seek medical advice.