Hard Hit Indian Builders Seek Support to Tide Over Covid Wave

Bloomberg Quint | Jun 10, 2021 at 6:11 PM
  • Indian developers facing project delays, a rise in costs and eroding ability to repay loans needs the government’s support to survive as the second wave of the Covid-19 pandemic hits the realty sector harder than the first wave.
  • A nascent recovery in the country’s property sector was derailed due to the second wave of the pandemic.
  • Apartment sales across the top eight cities in India had surged in the three months to March 31 to the highest over the last twenty quarters.

 

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