CONCLUDING REMARKS
The extended lockdown has further dampened the real estate market of Kolkata that was already reeling under an economic crunch before the COVID-19 outbreak. The nine months’ extension to complete ongoing projects has been a breather for the developer community. The extension, in turn, is likely to benefit thousands of homebuyers as developers will reschedule the payment structure to fit with the revised completion deadlines. Lower mortgage rates, along with other relief measures introduced by the government to uplift the economy may aid in the revival of Kolkata’s realty in the ensuing months.
NEW LAUNCHES
The data depicts share of new launches across metro cities in the studied quarter
