Realty fund managers cautious about investments after Covid-19 lockdown

Fund managers say demand for homes will be muted for the next six months

Real estate fund managers are cautious about investing in the coming months. The March quarter of calendar year 2020 saw a 30 per cent drop in residential sales, and for the rest of the year the decline is expected to be in the range of 25-30 per cent.
 

“We have adequate dry powder over the next several months to make new investments. However, we will maintain a cautious approach in committing to new investments. At this point, our priority would be to focus on managing our existing portfolio,” Sharad Mittal, director and chief executive officer at Motilal Oswal Real Estate,