Monthly Sector Update | Indian Real Estate | May 2021
Year 2021 started on a good note for residential real estate sector with revival of sales due to all-time low home loan rates, improved affordability and government stimulus incl. reduced stamp duty. Sharp increase in sales can be observed in Q1 of 2021 as compared to Q4 of 2020. The same has been confirmed across all reports from Knight Frank India, Anarock Research and PropTiger Research. One of the key reasons also was that the fear of the pandemic got allayed with the prospects of the vaccine ensuring restoration of employment and economic activities.