Financially disciplined companies weather Corona storm, hold promise for realty revival

Financially disciplined and resilient realty players are able to buck Corona impact , raising hope for realty revival.

 Corona pandemic has dealt a big blow to real estate, severely impacting residential realty. In this tough environment, home sales are hard hit. But there is a silver lining also. Real estate companies with financial discipline are showing greater resilience against the pandemic. As a result of that, they are able to considerably lessen the Corona impact. Particularly, large listed companies are able to maintain fairly good sale volumes, despite Corona disruption. It is clearly evident from the June quarter industry statistics. As against the average home sales fall of 84%, sale volumes of large listed companies fell by only 44%.

 Says Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global and Chairman, Assocham National Council on Real Estate, Housing & Urban Development,, ” Not just big companies, even fiscally disciplined small and medium players will manage to sail through the tough times. They will be able to even record growth in coming quarters. Companies focusing on affordable housing companies will see faster turnaround.

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