Business World – This growth ride is on account of the pent-up business momentum in lieu of fiscal impetus and regained consumption demand.

The dip in the future sentiment score in Q1 2021 mirrors the prevalent market uncertainties on account of the second COVID wave. However, there is no cause of worry for the Industry as it is well geared to mitigate the risk on ground. The ongoing production with uninterrupted supply chains will help the sector to rebound with more finished goods catering the discerning home buyers and the reverse migration of labourers is at bay due to ensured food, shelter and daily wages along with all the safety measures and vaccination shots. The business continuity plan is coping up with alternative digital platforms and leveraging innovative technologies to keep the sales momentum unhampered. Therefore, there will be a positive growth in the long run for Indian real estate

Source Link – http://www.businessworld.in/article/Future-Real-Estate-Sentiment-Index-Dampened-by-Second-Covid-Wave-Report-/22-04-2021-387336/