New launches pick up, but home sales yet to revive amid Covid-19 pandemic

Topics Real Estate  | home sales

Sales, however, continue to remain tepid as a gloomy economic outlook, faltering income levels
The Covid-19 pandemic disruptions and the subsequent lockdown brought the already stressed real estate sector to its knees during mid-2020.

However, by the end of year, new launches bounced back – registering 12 per cent growth in the October-December quarter.

Sales, however, continue to remain tepid as a gloomy economic outlook, faltering income levels, and legacy issues in the sector keep buyers skeptical.




Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel