Real Estate Recovery Face Challenges Amid Covid Second Wave
The real estate sector, which witnessed gradual recovery after total halt in the first wave of Covid-19 and resultant lockdowns last year, is again witnessing a slowdown in the current Covid crisis across the country.
Sales and construction in the sector have come to a near halt. Developers and experts have sought relief amid these tough times including additional liquidity support.
Axis Ecorp CEO & Director Aditya Kushwaha said: “Just when recovery was in sight, the second wave has derailed the growth momentum for the real estate industry.”
