The year 2020 began with huge expectations from the real estate sector after seeing disruptions due to demonetisation, GST, RERA, and the NBFC crisis over the past few years. Residential real estate sales in India saw a 6 per cent y-o-y growth in 2019 in volume terms. Sales surpassed the launches for the first time since 2016, demonstrating the strong growth potential of this sector. However, the nationwide lockdown amid the Covid-19 pandemic impacted various industries, including the real estate sector, causing a downfall in the first two quarters of 2020. Recovery from the situation seemed unlikely till the third quarter of 2020 until the Government eased restrictions and then the second Covid-19 wave hit the country. However, the pandemic brought a silver lining and made people realise the need for permanent housing in difficult times.