KEY HIGHLIGHTS Real estate sector has been under pressure for a very long time Work has started in few cities, things still at a standstill in Maharashtra Current situation will accelerate the consolidation in the sector The residential real estate sector is poised for a strong comeback as affordability is at the best, says Mohit Malhotra, Managing Director & Chief Executive Officer, Godrej Properties. Speaking to ET Now, he said, “once the economy comes back we will see a very sharp recovery in the residential real estate sector. because affordability is at all-time high. Repo rate of 4.4% is the lowest …

Amid coronavirus pandemic, real estate has once again emerged as the safest investment option. For Indians, owning a home has been traditionally considered a matter of prestige as well as safety. The sector has been in the doldrums from the last few years with the sharp rise in equity markets with investor sentiment favouring the latter. A preference for paying rents as against making long-term investment commitments in homes gained prominence. The reluctance to invest in real estate was based on shorter returns, a higher rate of interest on home loans and the argument that it is cheaper to rent …