A Rising Force On Icarus Dreams

Just a few months back, the nation appeared to have overcome the Covid crisis that began in early 2020, and was coming out stronger, with the number of active as well as new cases at their lowest levels in several months, and with the economy gradually emerging from lockdown. Then, seemingly out of nowhere, the second wave of the pandemic struck the country, with over four lakh daily cases reported every single day at its peak. A similar story played out simultaneously in the real estate sector, where, at the beginning of this year, it seemed the worst was over and green shoots of revival were visible. The confidence in the sector was even stronger, considering it was one which did not suffer as much as the rest of the economy during the first wave. It was thus unanticipated that within a few months, real estate would again be staring at a major crisis. However, that is exactly where it...