Festive fervour to perk up real estate, boost housing sales
Spurred by record low interest rates, stable housing prices, stable employment scenario and growing homeownership sentiment, residential sales and new launches have surged in recent months. As per a recent report by PropTiger.com, for instance, home sales and new launches have both shown a significant improvement during July and September 2021, indicating that a turnaround for the realty sector might be around the corner.
In fact, a total of 55,907 new housing units were sold in India’s eight leading markets during the three-month period, showing an upswing of 59% when compared to the same period in 2020. Likewise new supply also saw a remarkable upswing in Q3, showing a three-fold jump of 228% to 65,211 units when compared to Q3 2020.
Knight
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