bengaluru deepak parekh chairman of hdfc said he expects residential apartments prices to fall by 20 in the near term due to the impact of covid19 which has stalled along with everything all construction activitycoronavirus outbreak live updatesprices should and will come down said parekh i believe naredcos national real estate development council estimate is between 1015 one must be prepared for even 20that price crash however presents an excellent buying opportunity for potential home buyers who have a job security or cash flow he said real estate is an immensely important asset class and the value of global real estate was more than the value of all the stocks and bonds combinedthe residential real estate market has been struggling more nearly five years now and the last three has been particularly tough due to the impact of demonetization implementation of rera and the introduction of gston top of that builders were overleveraged and oversupply has flooded the market leaving the developers with huge unsold inventory as buyers stayed away from purchases often due to high pricemore on covid19coronavirus pandemic complete coverage21day lockdown what will stay open and what wonthow to quarantine yourself at hometrust the newspaper for your daily verified newsparekh said the time is appropriate for builders to sell off their unsold stock even at a low price you need liquidity and get rid of it he suggested members of naredco and credai future launches are also expected to come down as demand has evaporated from the market he cautioned focus on completing projects rather than launching new oneshe also advised realtors to use moratorium as the last resort as it would mean pushing the can down the road at a time when equity funding in the segment has been reduced to a trickle in the last few years he insisted on getting it at whatever price as that provides a higher cushionsince the sector has been thrown into a new challenge where conserving cash and reducing expense is imminent he also advised builders to be stingy on expenses take home less money keep the money in the company cut your homerunning expenses