‘Home sales rose 67% in H1, COVID-19 slows pace’
The Hindu
Affordable housing slips: Knight Frank
New home sales in eight top markets across India increased 67% to 99,416 units during January-June, even as the pandemic’s second wave impacted the momentum that had begun in the second half of 2020, property consultancy Knight Frank India said in its latest report. Launches at 103,238 units in the first half (H1) of 2021 were 71% higher year-on-year, with a majority of the projects sales happening in the January-March quarter. The second wave’s impact was evident on a sequential basis with sales and new launches declining 62% and 43% in April-June quarter. Mumbai and Pune together accounted for more than 45% of the total sales in H1 2021 besides also leading in terms of new launches, primarily on the back of a limited-period stamp duty cut the Maharashtra government had offered.
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