There is no struggle without a silver lining
The current scenario in the real estate industry is being perceived with a substantial amount of uncertainty and pessimism. It is no surprise that the real estate market has seen a negative shift leading to a slowdown of demand. The contingencies cannot be predicted and the norms of lockdown have to be observed for the greater good. However, there is no struggle without a silver lining. People’s faith lies in secure investments, that is, using paper money to own something solid in hope of better ROI. Unlike earlier, there are more adherence to real estate investments than stock markets. The impact of this crisis can be reversed in no more than two quarters if the developers can provide affordably priced projects, given that there is a provision for easy cash flow and liquidity. Although measures were taken and some amount of help is being provided to the industry, everybody is awaiting a better relief package from banks in terms of liquidity. This is essential to prevent further downfall. By Rishi Jain, Managing Director, Jain Group on Covid19 Impact
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