NEW DELHI, April 1 -- Due to the outbreak of COVID-19, Indian Real Estate has suffered a slowdown, as site visits, property enquiries, & sales numbers have dipped significantly- reveals a special research report compiled by 360 Realtors. Many major developers have either postponed new launches or have cancelled them altogether. This is even though this time of the year is very opportune for house purchase, due to numerous festivals such as Navratri, Ugadi, & Gudi Padwa etc.
As per the data compiled by 360 Realtors, major Real estate markets in India has seen suppressed demand, since the beginning of March. As per the data tracked for the 1st 3 weeks of the March,
Gurgaon & Noida has witnessed M/M reduction in site visits to the tune of 40%...