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Residential property deals and rentals skid in metros on Covid-19, WFH

The situation is worst in Mumbai, Delhi while Gurugram and Bengaluru are not affected as badly

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In Delhi-National Capital Region, rents have not fallen much compared to Mumbai, but rental deals have dried up

Raghavendra Kamath Arnab Dutta Samreen Ahmad Mumbai, New Delhi & Bangalore

4 min read Last Updated : Sep 23 2020 | 10:09 PM IST

Anup Motwani (60), who is into residential broking in west and south Mumbai, says he has not done any deal in the last six months.

For a seasoned broker — who did 150 such deals in the last two years — it is one of the worst periods in his career spanning 40 years. “I am managing with God’s grace. Otherwise, there was no business,” said Motwani. He said rents in most key areas of Mumbai such as Bandra, Worli, Prabhadevi and Santacruz, among others, have dropped by 20-25 per cent.

In a newly developed residential property in Worli, rents have come

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