Business Standard

Home sales at pre-Covid level; overall sentiment optimistic: Knight Frank

The residential segment outlook, according to the survey findings, was supported by pent-up demand, multi-decadal low home loan interest rates, and attractive residential prices

real estate
Premium

Going ahead, 77 per cent of the survey respondents in the December 2020 quarter believe residential sales would rise over the next six months

Puneet Wadhwa New Delhi
Sales of residential units across eight major Indian metros – Kolkata, Chennai, Pune, National Capital Region (NCR), Mumbai, Bengaluru, Hyderabad and Ahmadabad – reached pre-Covid levels at 61,593 units in the December 2020 quarter (Q4’CY20) and the sentiment is likely to improve further, according to Knight Frank-FICCI-NAREDCO Real Estate Sentiment Index for the October – December 2020 period. On average, these cities recorded total sales of 61,467 units in 2019, data show.

The residential segment outlook, according to the survey findings, was supported by pent-up demand, multi-decadal low home loan interest rates, attractive residential prices and state government incentives such

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 27 2021 | 1:01 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com