ECONOMIC TIMES NEWS "Real estate prices in the country would correct by up to 20 per cent in the wake of coronavirus pandemic and the resultant nationwide lockdown."

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AS PER ET NEWS:-

"Deepak Parekh, Chairman of mortgage lender Housing Development Finance Corporation (HDFC), on Tuesday said the real estate prices in the country would correct by up to 20 per cent in the wake of coronavirus pandemic and the resultant nationwide lockdown."


For possible home buyers, who have employer stability or incomes, it will be a superb purchasing opportunity, he said. "Land is a massively significant resource class, and the estimation of worldwide land was more than the estimation of the considerable number of stocks and bonds consolidated," he said. 


Deepak Parekh said Indian land showcase was at that point experiencing delayed agony for different reasons, for example, monetary worry in specific portions, high influence, tight liquidity and rising non-performing resources (NPAs) in development money.




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