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Residential Bookings fall by 78% in Feb – March

BY Realty Plus

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CREDAI MCHI research study, titled ‘COVID 19 Impact: Real Estate’, conducted via a survey and research of over 100 leading MMR developers as well as various real estate experts and professionals. It highlights the adverse implications of the virus on the Residential, Commercial and Industrial real estate asset classes. The pandemic has currently brought the entire industry and the economy to a slowdown, proving to be a force majeure situation. Residential

  • Residential bookings have fallen by 78%
  • 250% drop in home loan collection in March 2020 as compared to January 2020
Commercial
  • Pre-commitments will form a significant part of leasing in H1 2020
  • Existing tenants might delay lease renewals to H2 2020 & will renegotiate rent free periods until lockdown

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