Developers build hopes on uptick in residential sales
December 29, 2020
Discounts, delayed EMI payment, stamp duty waiver, among other factors, may draw home buyers
As 2020 comes to an end and businesses restart in the new normal, real estate developers are hoping that 2021 will deliver “good news” in terms of both residential and office absorption.
Low interest rates and government intervention have been welcome moves so far. The trends that have emerged over the last couple of months (October and November) in residential sales look “encouraging” too and specific markets such as Mumbai, Pune, Hyderabad and Chennai are reporting improvements.
Signs of revival