Public sector bank executives said these three sectors have been hit badly in the immediate aftermath of lockdown announced in March 2020
The state government has launched a 'Single Window System CG Aawas' to facilitate the initiative
With the Covid crisis continuing to wreak havoc in the market, its short-term impact in the coming 6-12 months is likely to be quite a dampener for the recovery of the real estate sector
Experts say that the cement demand during the first quarter of the financial year is typically led by housing (60-65 per cent), followed by infrastructure segment (20-25 per cent).
Despite fall in sales, supply constraints may keep prices firm
The outbreak of coronavirus disease has impacted the real estate sector, which was already reeling from the demand slowdown, the road, transport and highways minister said
Consolidation in real estate industry since 2012 is likely to strengthen after the pandemic ends, say analysts.
He said it was an excellent buying opportunity for potential homebuyers with job security and savings.
The sectors that have been most impacted are transport, hospitality, and real estate
Industry must be allowed to resume operations in areas other than the identified hotspots with proper safety guidelines in place as soon as possible
The current situation has sparked fears around income generation and employment which are going to put further strain on the sales
At beaten down valuations, annuity developers offer favourable risk-reward, it said. DLF, Prestige Estates, Phoenix Mills and others have large office properties
Office property segment is expected to fare better compared with others, though new leasing is expected to come down sharply. Hotels are also expected to see sharp drop in revenues.
If you are looking at buying real estate, an idea about prevailing rates would come in handy
If the pandemic continues, a fifth of annual revenues could get affected
In 2019 , buyouts in real estate and infra were $11.6 billion while in other assets it stood at $4.6 billion
The NCLAT has also said that if insolvency is initiated against a project, it will not extend to the entire company or any of its other projects
Besides the traditional segments, the demand for co-living, co-working and senior living is keeping the sector buzzing
Buyouts recorded the largest increase of 56 per cent in terms of value ($16.2 billion in 2019 against $10.4 billion in 2018)
Although residential sector continues to face head winds, there could be opportunities brewing in the distressed space