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“Landlords grow rich in their sleep” is a belief that resonates with most of us. It is no wonder, therefore, that real estate sees more investments than stocks and bonds put together. According to estimates, the value of global real estate transactions last year was $2 trillion. A bulk of the average Indian’s savings and investments too are tied to this asset class. Naturally, over the past few weeks, there has been much pondering about its future.
Given the already despondent situation within many segments of real estate, doomsday preppers are out in large numbers. While developers are being advised to reset home prices to spur demand, some hotels are seeking a change of land use to residential. Office space demand is suddenly shrinking and retail malls are seeing tenants cancelling leases or refusing to pay rent.

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