Office: Some developers were able to retain a part of their workforce on the sites in the second wave which helped to maintain work continuity in the upcoming projects to some extent.
Retail: While mall operators and retail landlords have tried to be accommodative since the start of the pandemic, many retailers continue to face challenges in the current business environment.
Residential: The mass exodus by migrant construction workers resulting in a huge disruption of work seen in the first wave was controlled to some extent by resourceful developers who provided accommodation and healthcare support to the workers.
Investment: Foreign Direct Investment (FDI) inflows in the construction development sector were recorded at INR 10.9 bn during January – March 2021, a slight drop of 4.2% q-o-q. FDI inflows for the financial year 2020-21 declined by 28.3% owing to the pandemic.
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