Trying to find footing, realty sector looks to 2021 with hopes of demand revival
The economy, which witnessed one of the world's strictest lockdowns, saw muted demand for housing and office space through September
To help developers tide over the crisis, the Centre invoked force majeure clause under the Real Estate (Regulation and Development) Act (RERA)
India's real estate industry has been trying to get back on its feet ever since the 2016 note ban laid the sector low but 2020 was hardly the year to stand tall. With the pandemic devastating demand in the economy, the industry is now looking to the New Year with the hope of a sharp recovery in sales.