Over the past 2 months, COVID 19 has progressed from a regional outbreak to a pandemic. This has created havoc not only in the day to day lives of people but also in terms of the business operations of all scales. Real Estate industry which was already reeling under the slowdown pressures is now staring at a complete shutdown. Even big business houses which have the ability to sustain this, are now creating reserves for the rainy day, with no visibility of the end of this phase. The employment and livelihood of the real estate workers at every level have also been adversely impacted due to the sudden slowdown of real estate construction.
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