We are living through a watershed year in human history, with the unimaginable scope and scale of COVID-19 having changed our standard grasp over ‘business as usual’ forever. Amid the ongoing global pandemic and its unforeseeable effects on the economy, investments in India’s real estate sector are likely to face unique challenges ahead.
India attracted institutional investments of USD 4.3 billion in its real estate sector during the financial year 2019-20 (April 2019 to March 2020), which was lower by 13% over the previous financial year. This decline was mainly due to the sharp decline in investments during the January–March 2020 period, when the pandemic started to spread, forcing the country to adopt lockdown measures to contain the disease.