The novel coronavirus (COVID-19) is considered to be the most significant health related event after the Spanish Flu. As we continue to live in an uncertain environment, the ongoing pandemic has significantly impacted the health of the global as well as Indian economy.
The real estate sector, which was already dealing with slowdown, has been adversely affected due to the COVID-19-imposed lockdowns, labour migration and uncertainty around demand for commercial office space.
The Reserve Bank of India announced multiple measures, including moratorium and restructuring schemes, to provide the much-needed cushion to the sector.
This edition of Realty Bytes covers updates on key recent deals as well as insights on some of the strategic shifts that are likely to happen in the post-COVID-19 world.