Godrej Properties to Sobha, realty firms line up launches in March quarter

Godrej Properties, part of Godrej Group, has lined up 12 launches in Mumbai, the National Capital Region, and Bengaluru

From Godrej Properties to Oberoi Realty, from Prestige to Sobha, property developers in the country have lined up launches in the January-March quarter (Q4FY21).

Most of them were delayed or postponed owing to the pandemic and ensuing lockdown.

What is helping developers are record sales they did in Q3 due to pent-up demand and cuts in levies by governments and low interest rates, experts said.

Though the velocity was higher before 2017, when the Real Estate (Regulation & Development) Act, 2016, or RERA, was notified in many states, Anuj Puri, chairman of Anarock Property Consultants, said it was after 2013 that the industry