[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.|
Here I have important INDIA real estate news to share with you which is as mention under.
While there were signs of a significant revival in the property market in the first quarter of
2021, a momentary halt in any upward trajectory is being seen now.
With the Covid-19 second wave raging across the country, we are once again faced with
partial lockdowns and a slew of restrictions. This is having an apparent effect on the real
estate market and delaying key property deals. While there were signs of a significant revival
in the property market in the first quarter of 2021, we are seeing a momentary halt in an
upward trajectory. We are likely to witness more truncated housing sales and scrapped/
delayed property development projects in the months to come.
However, not all has been lost and there has to be a forward-looking sentiment because
according to Knight Frank India, the residential real estate market in India has seen a steady
rise in both sales and launches from January-March 2021. This is 44% more than the same
quarter last year the report said. Also, launches were recorded at 76,006 units. Furthermore,
the report said that Mumbai and Pune led the table in both launches as well as sales due
to discounts in stamp duty charges.
Read more at: https://www.financialexpress.com/money/real-estate-trends-to-watch-out-for-during-covid-19-second-wave/2252295/
Have a nice day