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Realty projects sell out in days over low interest rate, IT hiring

Godrej Properties sold record 340 apartments worth Rs 580 crore in second phase of Noida project

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• Bengaluru-based Prestige Estates sold out over 800 plots spread over 1.7 million sq. ft at its The Great Acres project

Raghavendra Kamath Mumbai
Record low home loan interest rates, strong hiring and salary growth in the IT sector have led to developers advancing launches to August-September 2021, successfully.

New project launches by top developers, including Godrej Properties and Prestige Estates, have seen record sales within days. Godrej Properties sold a record Rs 580-crore residential apartments in first day of its launch of forest-themed Godrej Woods project in Noida earlier this week.

Godrej Properties said it had sold 340 houses having an area of more than half a million square feet on the first day of its launch, making this one of the most