Top realtors see green shoots as conversion rates rise by up to 25%

Buyers aged between 30-35 years currently living on rent have the highest purchase inclination, says report

Even as the Indian economy grapples with the pandemic-induced lockdowns, top realtors claim they are now witnessing green shoots in the sector. 
 

According to them, conversion rates — from enquiries to sales — have risen to 20-25 per cent, from the single-digit levels of pre-Covid days. The average unit sizes of sales have also gone up.Residential property sales dropped 81 per cent in the top Indian cities in the April to June quarter of this year. New launches, too, declined 98 per cent. But big brands are now gaining from the pent-up demand of the last three months.

Mumbai-based Oberoi