Coronavirus impact | KPMG pegs loss in real estate sector at Rs 1 trillion by FY21
On the residential real estate market front, the credit crunch is expected to result in a contraction in residential sales across top seven cities to 2.8 lakh-3 lakh units in 2020-21 from 4 lakh units in 2019-20
The coronavirus pandemic has had a detrimental impact on most sectors and economies and the consequent loss to Indian real estate sector is projected at Rs 1 trillion by the end of FY21, a new report has stated.
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