Research

The Next Normal

Real estate in a post-COVID world

June 22, 2020

The world is facing the greatest humanitarian crisis since the World War II. In addition to the unprecedented human toll, the pandemic induced lockdown has triggered a deep economic crisis; unique in that it is a supply, demand as well as liquidity shock.  India is now staring at a looming recession with an expected significant fall in the growth of manufacturing and services sectors.

Impact on various sectors

Amidst the staged approach of lifting the lockdown in different states, India is gearing up its (re) entry into this new phase of live and work. While the office sector is expected to lead the recovery cycle, the green shoots of recovery in residential real estate will be in tandem with overall economic growth and improvement in the current fragile employment scenario.

Institutional investors are expected to assess the progress in each sector and are likely to focus on asset management and support projects for their last mile funding in the short term.

This global health crisis has compelled businesses across the spectrum to reset the rules of the game while opening up new horizons to explore. The businesses in its new avatar will expectedly be in a better position to tackle similar economic shocks in future and ensure business continuity.

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