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Covid 2.0 impact on housing sales less harsh than 2020: Knight Frank

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residential sector in India, even though sales and launches fell in the April-June compared to the preceding March quarter. According to property advisory Knight Frank India’s “India Real Estate – Residential, January-June 2021" report, the January-June period recorded home sales of 99,416 residential units, a 67% rise compared to H1 2020.

Project launches were recorded at 103,238 units in H1 this year, witnessing a 71% surge compared to the corresponding period last year.

However, maximum sales and launches were witnessed in the January-March quarter, when the residential sector saw a significant recovery due to stamp duty relaxation in Maharashtra, low home loan rates and pent-up demand after the pandemic last year.

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