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INSITE REPORTS

Quarterly residential real estate analysis of top 8 cities in India

Indian Real Estate Report Jan-Mar 2021: Market Analysis

34 Apr 16, 2021 Download Report

CONCLUDING REMARKS

The Q1 2021 continued to sustain on the back of low home loan interest rates and increased demand for home ownership amid the continuing work-from-home culture. While homebuyers realised there is limited scope for price negotiation, serious home buyers contributed to the overall sales. Across metro cities, developers were seen rolling out lucrative offers, such as flat cash discounts, zero stamp duty offers and free parking, to clear the existing inventory. The consistently rising NRI demand, too, kept the market afloat with hopes of an early revival. The Centre’s approval for three economic corridors and increased focus on developing transport infrastructure are expected to drive housing demand in future. While the latest hike in COVID-19 cases might play a spoilsport to the pace of recovery in the Indian realty sector, it is unlikely to derail it completely, given the resilience in the market on the back of end-user demand. Extended benefits for the affordable housing segment under Pradhan Mantri Awas Yojna (PMAY) are also expected to go a long way in giving a thrust to the housing market.

NEW LAUNCHES

The data depicts share of new launches across metro cities in the studied quarter

 

 

Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. 99acres does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
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