Home sales recover in Sept qtr; still a long road to recovery: Knight Frank

Developers' cash flows remain under pressure despite the extension on loan moratoriums.

Even though the sales of residential units have improved in the July – September 2020 quarter, it will be a long road to recovery for the real estate sector to reach pre-Covid-19 levels, says Knight Frank. 

According to the real estate consultant, the sale of residential units across eight major metros in the country – Kolkata, Chennai, Pune, National Capital Region (NCR), Mumbai, Bengaluru, Hyderabad and Ahmadabad – picked up pace in Q2FY21 to reach 33,403 – up a massive 246 per cent on a sequential basis. Sales of residential units across these metros during the period under review are, however,