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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

Topics
Real Estate  | home sales | Knight Frank

Puneet Wadhwa  |  New Delhi 



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

Sales of 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 Sentiment Index for the October – December 2020 period. On average, these cities recorded total sales of 61,467 units in 2019, data show.

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First Published: Wed, January 27 2021. 13:01 IST

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