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Saturday, 16 May 2020 / Published in Articles & Blogs

How COVID 19 will affect the Indian real estate market?

Indian real estate market

Experts had a lot of good things to say in regards to India’s booming real estate market. But it took a minuscule virus to show the ugly reality before the world, not sparing our country either. The real estate sector in India would have contributed significantly in the next five years towards the GDP. Indeed, uncertainties loom large and nothing can be speculated.

Given the nationwide lockdown and quarantine that we are all subjected to, it requires no second mention that the country would face adverse issues from the ailing real estate scenario. The corona virus spread has been so fast that markets have crashed, economic condition looks feeble and the industries have been totally immobilized.

Frankly speaking, the global economic slowdown would impact markets furthermore and that would result in the fall in property prices. And the matter of fact remains that real estate is synonymous to another ‘investment’, so the demand for properties will witness a terrible crash, since people would undoubtedly try their best in conserving the littlest of money they have at hand.

Under these circumstances when hopes look bleak, few companies would surely offer the much needed help. And one such example is Grovy. For those who look forward to a positive experience, should think of going ahead with Grovy India.

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Grovy India limited was established in the year 1985, with a purpose of developing extraordinary real estate properties that would change the scenario of the construction industry.

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