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Crystal Ball Gazing Into 2021 - What Can Real Estate Sector Look Forward To? Is The Worst Behind Us?

Crystal ball gazing into 2021 - what can real estate sector look forward to? Is the worst behind us?
If the economy starts moving towards a positive growth trajectory and the employment scenario improves substantially, residential demand will have sustainable growth from mid-2021. Mid and affordable housing, which is the major proportion of the demand, is likely to revive first
The year 2020 may have seemed to be a ‘lacklustre year’ for most sectors, including real estate due to the aftereffects of the COVID-19 pandemic, but the third and the fourth quarters sprang a surprise.
Driven by low-interest rates, lucrative payment plans, attractive prices, residential sales across the country increased by 34 percent in the September quarter, compared to the June quarter, amid the raging virus, a JLL report had said. ....

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Mumbai home sales surge ahead of stamp duty rise

Mumbai home sales surge ahead of stamp duty rise
The Maharashtra government had reduced stamp duty from 5% to 2% for October to December and to 3% for the January-March period. (Photo: Mint)
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BENGALURU: Residential sales in Mumbai, India’s most valuable property market, saw a sharp surge in December ahead of the increase in stamp duty, effective 1 January.
During the month, around 19,220 units were registered till 31 December afternoon, with sales peaking in the last few days that saw 3425 units being registered during 28-30 December, according to data by property consultancy Knight Frank India.
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