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The Consumer & Retail sector is growing rapidly and is extremely dynamic. Due to constant disruption, managing business has become complicated and cumbersome. See Overview

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Our healthcare and life sciences advisory team brings together a combined experience of over 50 years to help businesses navigate through changes, new... See Overview

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At Grant Thornton in India, our automotive team works with a wide variety of clients to help them achieve their goals and increase shareholder wealth. Our... See Overview

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Real estate and Construction

At Grant Thornton, we assist dynamic Indian businesses in the Real Estate & Construction sector throughout their business life cycle by offering robust... See Overview

#COVID19

COVID-19: Mitigating impact on the real estate sector

11 May 2020

To help businesses tide over the COVID-19 crisis, the government has recently announced a slew of tax and regulatory relief measures providing compliance breather to businesses. However, businesses still need to remain vigilant to minimise the adverse impact of COVID-19 on their people and operations.

The real estate sector, which showed signs of recovery pre-lockdown, is once again staring at long-term challenges such as labour, finance and demand.

Here’s how leaders in the real estate sector can HALT and consider the following action points to help mitigate ongoing challenges

Rent restructuring

Proactively reach out to customers and retailers – if required, consider a flexible payment plan.

Liquidity management

Reach out to existing customers and agree on a part payment plan till the situation normalises.

Use of technology

Make use of technology and engage with customers by leveraging virtual tours. Marketing mix and budgets can be reassessed according to new and emerging challenges.

Workforce management