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COVID-19 to reduce housing sales by 25-35%, office absorption to fall 13-30%: Re

Housing sales across top seven property markets in India is likely to witness a 25-35% year-on-year drop in 2020, while absorption of office spaces is also likely to dip 15-30% owing to the impact of Coronavirus pandemic. The affordable housing segment, which had gained significant traction over the last few years, may also take a hit by COVID-19. The outbreak will significantly affect affordable housing's target audience. With limited income and unemployment fears, buyers of affordable housing may defer purchase decisions, leading to an estimated 1-2% rise in unsold stock within this segment in 2020, ANAROCK said. Read more at: https://economictimes.indiatimes.com/wealth/real-estate/covid-19-impact-housing-sales-may-fall-35-in-2020-demand-for-office-space-may-shrink-30/articleshow/74947019.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst