IMPACT OF COVID-19 ON REAL ESTATE (MUMBAI): A REVIEW
European Journal of Molecular & Clinical Medicine,
2020, Volume 7, Issue 10, Pages 3948-3955
Abstract
The global economy seems to be in one of the biggest downturns in last years. For about three months, the real estate industry is much more valuable. The resumption of work was made more difficult due to the surprising return of the workers to the laborers from underground. Developers found it difficult to find an adequate amount of job-producing work since the labour market was seriously hampered. People are burdened by the great pestilence that's threatening the nation. As a result, home values dropped, and the supply of new housing decreased, the state's revenues declined significantly. The market appears to be heating up as well, with people taking advantage of lowered demand and improved negotiating power in the short-power supply market. Work has already begun on the locations, albeit at a slower rate. This paper explores the impact analysis of the Covid -19 on the real estate and special attention toward the Mumbai.KeyWord: Covid -19, Real Estate, Global Economy, Mumbai
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