New Launches Pick Up, But Home Sales Yet To Revive Amid Covid-19 Pandemic

New launches bounced back - registering 12 per cent growth in the October-December quarter.

Topics

Real Estate  | home sales

Arnab Dutta 

home loans, house, flats, apartments, credit, residential

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 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.

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First Published: Sat, January 16 2021. 01:37 IST

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