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With attractive deals, real estate becomes buyers' market amid Covid-19

Potential buyers face risks on two counts. The first is a possible salary cut or even job loss

Coronavirus | Real estate revival | Lockdown

Sanjay Kumar Singh 

The price of a residential unit, on an average, is 9-10 times annual income in a city like Mumbai, and about six-seven times in most tier-one cities
The price of a residential unit, on an average, is 9-10 times annual income in a city like Mumbai, and about six-seven times in most tier-one cities

Just before the began, Ritesh Chandra managed to sell his ancestral house in Uttar Pradesh. To avoid paying capital gains tax, this Delhi-based financial professional plans to reinvest the proceeds in another property in the National Capital Region (NCR), Lucknow or Jaipur. He has searched online and prepared a list of prospective sellers. “I am waiting for the to end and will then do on-the-ground due diligence,” says Chandra.



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First Published: Thu, May 28 2020. 02:07 IST