Home sales up 21 per cent in Q1 2021 but new launches down by 40%: Report
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Home sales up 21 per cent in Q1 2021 but new launches down by 40%: ReportBy
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According to a report by real estate data analytic firm PropEquity, Bengaluru, Chennai, Hyderabad, MMR, NCR and Pune are the cities where home sales witnessed a growth in Q1 2021 versus Q1 2020 at 13%, 29%, 16%, 26% and 6% respectively. Only Kolkata witnessed a downfall of 20% in home sales during the same period.
India’s IT capital Bengaluru saw a rise of 13% in home sales in Q1 2021 at 12,263. New launches decreased by 40% at 8,492 units, according to the report.