HomeCITY NEWSCovid-19 cases has dealt a blow to the real estate sector

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Covid-19 cases has dealt a blow to the real estate sector

Goa: The surge in Covid-19 cases has dealt a blow to the real estate sector, with apartments and homes becoming more expensive and running into delays. A study by the Confederation of Real Estate Developers’ Association of India found that construction activity  particularly in the affordable and mid-range segment has been affected due to the exodus of migrant labourers and delays in approvals.

The study, which was conducted between May 24 and June 3, found that 90% of builders surveyed in Goa have faced a labour shortage ever since the second Covid-19 wave swept the state. For customers, this would mean further delay in moving into their homesthat they booked before the pandemic.

The News24 Goa

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