- Sales witnessed the maximum increase in Kolkata (68%) followed by Ahmedabad (64%) and the Mumbai Metropolitan Region and Bangalore (60% each)
- New launches grew by 68% in Q2 at 18,591 units compared to Q1, but are still 70% lower than the year-ago period.
Home prices are set to rise across cities, real estate developers at a Mint webinar said, as buyers return after the pandemic-led disruption.
Panellists at Mint’s Pivot or Perish webinar on the real estate sector on Thursday said sales of ready-to-move-in-home units in top cities have shot up since August and the trend is likely to continue for the next 18-24 months.
“Demand has grown ahead of supply, and home prices are going to rise,” said Abhishek Lodha, managing director and chief executive officer, Lodha Group. “There has been a lot of monetary easing by banks in the last few months to support the economy, and as a result, assets like homes will rise in value. More importantly, because supply will be more constrained for a while in the ready-to-move-in homes segment, we will see prices rise significantly by about 5-15% in the coming 24-month period.”
Source: livemint
