Demand for homes likely to rise due to coronavirus: MD Niranjan Hiranandani

Indian real estate is coming out of the challenges of economic and policy reforms, and the credit squeeze has added to the challenges, says Hirachandani

The Covid-19 pandemic is expected to pose further challenges to real estate developers, who have been battling lower sales and liquidity crunch in the past couple of years. Niranjan Hiranandani, managing director and co-founder of the Hiranandani group, talks to Raghavendra Kamath about the impact of the lockdown and how his company is looking to handle the crisis. Edited excerpts:

A rating firm said residential demand would fall 7-10 per cent in FY20 and 10-15 per cent in FY21. Your comments.

In the present scenario, with the Covid-19 pandemic having brought the economy to practically a standstill, it is difficult to assess