Three Ways To Assess Covid-19’s Impact On India’s Real Estate Sector

Here are the problems that the sector, one of the largest contributors to India’s economy, faces.

An unfinished property development in Wish Town, a project by bust developer Jaypee Infratech Ltd. (Photographer: Prashanth Vishwanathan/Bloomberg)

The national lockdown to curb the spread of the novel coronavirus pandemic has stalled all businesses in India, barring essential services. And activity in the real estate sector—among the top contributors to the nation’s economic growth—has halted ever since 1.3 billion people went under severe restrictions since March 24.

(Corrects an earlier version that wrongly attributed a paragraph to Razack instead of Khetan.)

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