The global economy across sectors has been affected by the novel coronavirus (officially renamed, “COVID-19”). The shockwaves of this pandemic have been felt across countries and continents. The growth or stagnation of the real estate sector is largely affected by the demand, supply, and cash flow in the economy. Given that the Indian real estate sector was already reeling under the effects of the ongoing solvency crisis, it is difficult to ascertain how much of an impact the COVID-19 outbreak will have at this point in time. In this edition, we examine certain key considerations that may be assessed and addressed by stakeholders in the real estate sector.
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