COVID-19 Hits Mohali Real Estate Market
Indian real estate market has seen rock bottom with the global pandemic of COVID-19 . As we all know the market was already hit by demonetization and commencement of RERA in the year 2016 and only recently was retrieving again but this pandemic has made it difficult for this sector to recover. The first half of this year has not been easy for anyone in the whole world. Some people lost their jobs, some people had to leave their places to go back to their hometown, the country was under lockdown. In such a situation it was very difficult for builders to sell homes to people. We have all seen the shift of priority from buying a home to staying safe. There is no doubt that every person has realized the importance of having their own home due to coronavirus, but due to lockdown and requirement of maintaining social distancing builders have not been very successful in making sales. In an interview, Tejinder Singh Punia, former president of the Mohali Property Consultant Group says tha...