The Impact of Covid 19 on Real Estates in Bangladesh

Abstract

Real estate business in Bangladesh was in a blooming state. As the number of people migrating to the city increases so does the need of plots to stay increases. Also people needed homes on the outskirts of Dhaka which made the commutation easy for them during the working days. But when the pandemic of covid 19 hit the country it completely changed the scenario of the business sector. This report aims to present the statistics and conditions through which the real estate sector is going through during this pandemic and how they are handling it and its impact on the business. The report shows not only represents the conditions of Bangladesh during the pandemic but also highlights its impact on a global scale. It shows which particular sector has been affected in the short term and make predictions of what can happen to that particular branch in the long run for e.g. the CRE (commercial real estate) sector. In this report I have scrutinized the underlying causes and its possible solutions. The downfall of the sector are shown in details .The research consists of data and graphs that’s shows how a particular company and at large the entire real estate sector in the country has been affected by the pandemic. The report portrays that the situation of the real estate sector in the country is not good as they have been facing liquidity crisis as flow of cash has decreased and in some cases stopped. The projects have stopped due to the lockdowns in place and unavailability of raw materials. . In short the pandemic did not only affect developing country like Bangladesh but also bought the entire real estate division throughout the world onto its knees.