“There were more affordable units in the market post-2008 crisis and people were ready to buy under construction properties due to which the market witnessed a good pace in recovery. However, it may take some time for the market to recover in the current scenario,” Jasuja said. Ankush Kaul, President, Sales & Marketing at Ambience Group said that all catastrophes like the COVID-19 pandemic and the global economic recession seen in 2008 have proven that such events have a finite impact despite their long turbulent existence. “Like how the market revived over time post the global financial crisis, it is highly likely that business in general and specifically the real estate sector will come back to normalcy after the lockdown is withdrawn and the fear of the virus subsides,” Kaul said.