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Journal of Statistics and Management Systems

(Since 1998)
Open Access ·Peer-reviewed·ISSN (Online): 2169-0014·ISSN (Print): 0972-0510
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The Journal of Statistics and Management Systems (JSMS) is a world leading journal publishing high quality, rigorously peer-reviewed original research on theoretical and applied statistics and management systems since 1998. The scope is intentionally broad, but papers must make a novel contribution to the field to be considered for publication. Topics include, but are not limited to, the following: • Statistics • Applied Statistics • Industrial Statistics • Statistical Inference • Interdisciplinary role of Statistics • Actuarial Sciences • Decision Sciences • Managerial Aspects • Management Sciences • Management Information Systems

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Journal of Statistics and Management Systems
Open Access Research Article

Real estate and Covid-19: Impact and regulatory response in India

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pp. 1029–1049Vol. 26Issue 5July 2023DOI: 10.47974/JSMS-1156XML
Published Online:
20 Sep 2023
Article type:
Research Article
Language:
EN
Article no.:
JSMS-1156
Pages:
1029–1049

Abstract

As a supplier of commercial and residential infrastructure, real estate acts as a fulcrum for growth and enables holistic socio-economic development in India. This paper studies the extent of the impact of Covid-19 on the Indian real estate sector and evaluates the response to the challenges on the part of Real Estate Regulatory Authorities, government and other agencies in the real estate regulatory framework. Using primary data from a survey covering 257 respondents from 16 states, and secondary data from CREDAI and Anarock surveys conducted in two separate waves of Covid-19, notifications issued by RERAs and Ministries, RBI directives, stakeholder association representations, and a focus group discussion of experts, the regulatory response is assessed and evaluated. The data indicate that the measures announced are inadequate; a more robust response, including GST and other fiscal changes, and amendments to the RERA Act are required, as are technology infusion and management innovation for long-term adjustment.

Keywords

Real estateBuilt environmentRERACovid-19 impactRegulatory responseIndiaReal estate management

Subject Classifications

91G4591G99

References

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