Halt in the Project Launches
Due to the COVID-19 restrictions, many projects have got stuck or have got
delayed. Post the scare, builders and developers will now finish the projects
that have been left half-way through. This will affect the new projects that were
in the pipeline. These projects will now take a back stand and will not be a
builders or developers priority.
Delay in Delivery of Houses
The COVID-19 has put a halt in every business. Hence, a lot of houses either
remain unfinished or the paperwork is incomplete. Once the country is back to
normalcy, the chances of getting your house handed over to you may get
delayed. This is especially for those houses that have yet to be completed.
Lack of Labour will Stall Construction
Due to the virus, many labours and construction workers have returned to their
hometowns. Since the construction sector depends on these daily-wage
earners, the sector will take time to recover. Getting labourers to resume the
construction work will take time. This will delay the work.