The existing COVID-19 pandemic and RBI subsequently taking note of its potential financial impact, Anurag Mathur, Chief Executive Officer, Savills India shared his thoughts with the media.
“While it is still early to assess the economic impact of the pandemic, the rapid spread of COVID-19 across the globe has disrupted several business activities, particularly travel and its allied industries. For the real estate industry, Covid 19 situation could prove to be an additional dampener in the short term as the sector is already under intense pressure because of the ongoing liquidity crunch and weak market sentiment.However, it is important to note that these are temporary disruptions and would not hold back the economy and the industry in the long run. We do not see any significant impact on investments into the sector in the long run because of the pandemic.”
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