‘Home demand to reach pre-COVID size post FY23’
The Hindu
Mumbai, Pune to shrink in FY22: Crisil
The residential real estate demand will touch pre-pandemic levels only after 2022-23, a ratings agency said. The top-six markets of Bengaluru, Hyderabad, the National Capital Region (NCR), Kolkata, Pune and Mumbai will collectively grow 5-10% by area in 2021-22 on improved affordability and work-from-home needs, Crisil said. Pune and Mumbai will show a contraction because of the stamp duty cut-fuelled demand in the previous fiscal year, it said.
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