4 min read.Updated: 01 Jul 2021, 08:37 PM ISTRenu Yadav
For people planning to buy a house now, low interest rates on loans, subdued prices and incentives are positives
After record sales in the January to March quarter of calendar year 2021 (CY21), sales in the real estate sector saw a drastic reduction as lockdowns were imposed across the country to weaken the second wave of covid-19. According to projected data from Anarock Property Consultants, sales in the second quarter of CY21 (Q2CY21) could slip 58% below the previous quarter as only 24,570 units may be sold, compared with 58,290 in Q1CY21. However, homebuyers are making a slow comeback to the market. Property consultants and developers we spoke with said footfall has risen to about 40-50% of what it was prior to the second wave, as lockdowns are getting lifted.