Ashok Mohanani, Chairman EKTA World and Vice President, NAREDCO Maharashtra shares his statement on the Impact of Coronavirus on the real estate sector


“It is a very inopportune time due to the novel corona virus, there has been a set back across industries globally and nationally. The momentum in the housing market, which began to show some potential over the past few quarters, would likely slow-down in the first half of 2020. There is definitely a fall in the site visits by potential home buyers. This, in turn, will have a cascading effect for sales of property. This season may see a decreased velocity in sales due to host of factors including the restrictions imposed on citizens.”