New launches pick up, but home sales yet to revive amid Covid-19 pandemic

The Covid-19 pandemic disruptions and the subsequent lockdown brought the already stressed real estate sector to its knees during mid-2020.

However, by the end of year, new launches bounced back – registering 12 per cent growth in the October-December quarter.

Sales, however, continue to remain tepid as a gloomy economic outlook, faltering income levels, and legacy issues in the sector keep buyers skeptical.