I feel real estate demand might further go down due to job losses and uncertainty about future for most service class employees.
Also, if we see long term trend shifting towards working from home + acceleration of virtual education formats + high internet connectivity in tier 2 and 3 cities + acceleration of AI & automation…
Then all these combined forces clearly are not in favour of real estate players based out of metro cities. Let’s see how future pans out.
Disclaimer: No position