Property buyers waiting for sellers to crack
“Change is the only thing constant”- this is indeed true when we take a look at the emerging trends and numerous changes likely to be witnessed in the post-pandemic era. The financial repercussions of COVID 19 are unimaginable, and along with the world at large still coming to terms with these changes, the real estate industry are trying hard to rise just like the proverbial “Phoenix Bird Rising from the Ashes.” The ongoing pandemic has slowed the progress of numerous ongoing real estate projects , as many projects have been halted due to lack of manpower, scarcity of production material, or as a preventive measure against the spread of the virus. This in turn has caused a deficit of funds and reduction in revenue as a result of extended timelines, deferred payments, and canceled deals. This slowdown is reflected not only in metros like Mumbai, Bengaluru, Delhi, Gurugram but also in other Tier-I and Tier-II cities. This unexpected delay, and the prevailing economic crisis looming o