While the adverse effects of the pandemic are already being felt across the globe, variable opinions are rising on COVID-19’s impact on the real estate sector, a health emergency that force-launched the most important ever work-from-home experiment globally.
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In countries like India, any positive predictions concerning its growth created before the sudden natural event of the worldwide tragedy stand backward, because the government gets busy with production plans to prevent businesses function normally and the economyr from sinking deeper into a slump, amid impending fears of the rupee declining to a low of Rs 78 against the US dollar.
While the actual extent of the damage is difficult to know during a situation wherever a day is creating an greatdistinction, one issue is certainly – real estate sector can suffer short-run shocks on account of the contagion.
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