Will Covid 19 push people into buying homes?
The Covid 19 pandemic has in fact taken the world economy on a stroll. Not only the real estate sector, every other sector, you name it has seen a massive downfall in their respective revenue streams since March of 2020. Due to the covid 19 pandemic, construction of new projects in Bangalore , as well as the entire country, came to a standstill. Many developers expressed their concerns with respect to not being able to deliver projects to buyers on time. Whereas developers who did not plan and retain their workforce are now struggling to find the labor to restart construction of their respective projects. The covid 19 pandemics has made people realize how important it is to own a house rather than rent a house. The unrest has come after several homeowners and land lords started demanding rent from tenants even during the lockdown. There are a certain number of factors that will influence people into buying homes during the times of covid 19 Home loan interest rates are at a record low....