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As we crawl into the second decade of the twenty-first century, economy of several countries has hit rock bottom due to widespread of the pandemic “COVID-19”. It is crucial to understand and comprehend that architecture is a powerful visual and objective tool that influences the economy of a region. Hence this research paper’s objective is to unfold the impact of COVID-19 on architectural education and industry. To achieve this objective, a survey was conducted among more than 100 architecture students, academicians and professionals focusing on various factors such as finances, mental health, technology etc. In this paper, the relation between two variables is measured by Statistical Package for the Social Sciences (SPSS) software. The survey result depicts the major reasons recorded affecting the architectural/construction industry that were lack of labor, coordination issues, unfavorable government policies, and unavailability of material. Architectural students and academicians both strongly believed that education should not continue via online mode. It was noted that majority were affected by mental health issues/depression due to unemployment and financial losses.