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Festive cheer for realty sector, Govt aid required to sustain bonhomie
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After Q2 2021, a lot of optimism seeped into the real estate sector; the sales started picking up from June 2021. The sector was hoping for a turnaround from the festival season, and it would be right to say that the festivity did not let the sector down. The latest reports indicate that the new launches and sales have picked up tremendously during the July-September 2021 quarter. However, the festival has not yet ended and looking at the momentum, and the sector will come out smiling.
Sales in this period are now primarily driven by developers and lending banks rolling out the most attractive offers of the entire year during the festive season. According to Real Insight (Residential): July – September (Q3) 2021 by PropTiger.com, home sales
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