Daily Hunt – As the economy faces a slowdown, and with home buying essentially being a sentiment-driven process, the impact will be in the form of prices remaining largely static in the short term

The second wave has affected sentiments and has reduced the number of transactions as no site visits are possible in micro-markets although booking of homes continues on digital platforms.

“Work at construction sites has been allowed with ‘on site’ labour; and material is largely available, so slight delays will happen, but as of now, no major delays in sight,” he said.

In some instances, the supply chain has been affected and pricing of some construction material seem to be ‘cartelised’ while in case of some products, the pandemic has caused a demand/ supply mismatch. Given all these aspects, production cost has definitely gone up

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