Prestige City Project By Prestige Group – The Prestige City
It is safe to say that the already static Indian real estate market was hit the hardest by the Covid-19 pandemic during the first quarter of 2020 affecting the industries that work in conjunction with it. The near three month lockdown between March and June brought all industrial and construction activities to a halt or at least made sure of an indefinite delay in revival. Real estate was no different. But all was not lost even when the workers and laborers from the unorganised sector began migrating to their hometowns in order to stay close to their families until the lockdown was lifted which was nowhere near in sight. Being the second largest employment generator in the country, the ailing real estate was given the first priority by the government in the form of initiatives during the lockdown. Financial sector such as banks and NBFC cut down interest on home loans to encourage people to buy their dream homes in their favourite part of the city as the demand for finished projects we