How has COVID-19 Impacted the Real Estate markets of India
The outbreak of COVID-19 has had a tremendous impact on the nation's economy, especially on the real estate market in India . Despite the slowdown in the industry during the months of complete lockdown, the buyers have become active again and the industry is witnessing an increasing demand from both, the locals and the NRIs. As surprising as it is, the real estate industry has always been an attractive asset class offering better returns and is especially affordable and lucrative in the current scenario. Still, as the global economy is changing and the dollar is gaining strength against the rupee, dealers are observing a sudden spike in enquiries from NRIs, especially because of the competitive marketplace. Also, the reverse exodus and lockdowns have underlined the importance of having a comfortable home back in India. We know that India is gearing up for some major upcoming global investments, and personally, the NRIs are laying their eyes on the realty market too. ...