यह आगे आने वाले कठिन समय का संकेत है। यह शीर्ष नेतृत्व से शुरू हुआ है, यह नीचे की रेखा से टकराने की उम्मीद है। कृपया सावधानी से खर्च करें। ज़रूरतमंद की मदद करे🙏🙏
This is the indication tough time ahead. It has started from top leadership at it is expected to hit below line. Please spend with caution. Help the needy.
#MukeshAmbani #OilCrash #Covid_19india #IndiaFightsCorona
1. Mukesh Ambani: 100% cut
2. Board of Directors and Executives: 30-50%
3. For oil business, employees getting 15L+ salary: 10% cut
4. Employees below 15L salary: 0% cut
The current lockdown due to this Epidemic has brought the industry to a standstill position.The residential sector which already had concerns of weak demand will find it difficult to launch new projects and complete the ongoing ones due to construction halts and labour shortage.
This crisis has retracted the end-user confidence to its lowest levels ever, which will push any kind of real estate purchase decisions to the distant future.There will be a slowdown across the industry post COVID-19 crisis. The industry is facing an acute working capital crisis which is essential to restart the business and keep it going.
As gradual recovery begins with improvement on this pandemic and things settle over a 12-24 month time horizon. Expecting individual will not have much priority towards buying new properties as loss of income, loss of business, loss of job, loss of life, we don’t know the situation. As demand decrease there will be decrease in the prices, it may be at the cost of losses as from last couple of years developers have made price correction, so I will not say correction!!