Housing market to be impacted in near term Coverage sales volume to decline 1.9% YoY in Q4FY20E We anticipate Covid-19 led lockdown would impact some deal closures for real estate players leading to lower sales volumes in Q4FY20E. Bengalurubased players have shown some resilience in sales volumes. Hence, we anticipate relatively lower impact on operational performance of Brigade Enterprises. Overall, we expect sales volumes of our coverage universe to decline 1.9% YoY to 10.8 lakh sq ft (lsf) in Q4FY20E largely on account of 22.4% YoY decline in Oberoi Realty's sales volumes to 1.1 lsf due to the...