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Business Standard

Struggling realtors resort to layoffs, pay cuts as Covid-19 hits sales

According to industry estimates, the realty sector employs 6-7 million people, including 300,000 white-collar employees

Topics
Real Estate  | Coronavirus | Lockdown

Press Trust of India 



layoffs, job loss, lay-offs, unemployment
The real estate sector has been facing headwinds since the past three-four years

Hit by the pandemic, developers have resorted to layoffs and pay cuts and are focusing on cost control measures as sales are likely to remain muted in the coming months, according to industry experts.

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First Published: Mon, June 29 2020. 01:45 IST

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