The impact of Coronavirus on the Indian real estate and what is in it for the homebuyers| sterlingheights
The impact of Coronavirus on the Indian real estate and what is in it for the homebuyers Click on this to visit our web site In our country, the real estate sector has been the second-biggest source of employment, the first being the agriculture sector. It is estimated that the real estate sector in India is expected to cross US$ 1 trillion in market size by 2030, with a contribution of 13% to the country’s GDP by 2025. According to current government estimates, by the year 2051, around 88 crore people are going to be living in urban areas of India, a whopping 91% increase from the present 46 crores. This will lead to a substantial increase in demand for residential real estate . While the long-term story seems to remain intact, the onslaught of the Coronavirus pandemic and resulting series of local, regional, and national lockdowns between March and June 2020 severely impacted the nation’s economy. When the country was trying to limp back to some re...