Covid 2nd wave delaying projects, making housing expensive: Credai

The surge in Covid-19 cases has dealt a blow to the real estate sector, with apartments and homes becoming more expensive and running into delays. A study by the Confederation of Real Estate Developers’ Association of India (Credai) found that construction activity — particularly in the affordable and mid-range segment — has been affected due to the exodus of migrant labourers and delays in approvals.