Business News›Industry›Services›Property / C'struction›Roadblock in real estate recovery: Home-buying gets hit by weekend lockdowns
Roadblock in real estate recovery: Home-buying gets hit by weekend lockdowns
Synopsis
Developers say that they have to rely heavily on digital medium for sales. But most of the industry reckons weekend lockdowns, if they continue, will be a big negative for home-buying.
New Delhi, Bengaluru, Mumbai: Home-buying starts with home viewing, and most viewing happens over weekends. But two of India’s major real estate markets – NCR cities in UP and Bengaluru – are now under weekend lockdowns, and buyer queries have crashed. Developers and property consultants say this is threatening the nascent recovery in the sector.The UP government announced weekend lockdowns (Friday 10 pm to Monday 6 am) from the first week of
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