Effects of COVID-19 on Home Buyers and Real Estate Developers: Lawyers Advice
The real estate sector has been coping with a decelerating economy, credit crunch and growing inventories for quite some time, and the COVID-19 pandemic has only made matters worse. The nationwide lockdown, that came as a result, has stopped most activities relating to construction and has seen labourers planning to or having already gone back to their villages. This would obviously lead to a shortage in labour for quite some time and can further delay the recovery progress for such a sector. The reduction in demand in the residential sector has already cut project launches, housing sales and price growth in...
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