He further noted that the base period in consideration (Q3 2020) is still low against the pre-COVID-19 quarter when housing sales were nearly 45,200 units.
"In all, we anticipate the housing sales to rebound to 90 per cent of the pre-COVID-19 levels (Q1 2020)," Kumar said.
As per the report, Mumbai Metropolitan Region (MMR) may witness a rise of 33-36 per cent in sales, with buyers looking to make the most of the limited period offer of reduced stamp duty charges, developer discounts and freebies, and prevailing low home loan interest rates.
In the National Capital Region (NCR), sales may jump 27-31 per cent in the festive season.
Sales in Hyderabad, Bengaluru and Pune are likely to grow by 20-24 per cent, 30-35 per cent and 34 per cent in Q4 2020 respectively, as against Q3 2020.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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