As we know, coronavirus has had a suffocating effect on the Indian real estate market. In fact it was do suffocating that it brought property transactions to a standstill last year when the country was put under lockdown between March and June 2020. Since then, the market has made many steps toward recovery, and just when it appeared that a comeback was on the horizon, the country was hit by yet another viral wave.

Despite the deadly second wave of Covid-19, which had severe economic ramifications in April and May, positive signs of recovery in residential real estate demand were apparent in June, with a pan-India price growth of 1.7 percent during the quarter, according to the latest Magicbricks PropIndex Q2 (April-May-June) 2021 report.

Due to the second wave's intermittent lockout and the continuation of Work-From-House (WFH) rules, demand for 3BHKs and higher configurations have accounted for more than 65% of the overall demand in the real estate market. This can be explained because home owners now seek to upgrade and accommodate the need for an extra room for a home-office, study area, or simply a calm nook.

To understand how COVID-19 has affected the real estate industry, please allow me to introduce our guest Mr.Manish Shah, CEO of Godrej Housing Finance

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