Sale of over Rs 50L homes account for 57% of total home sales in H2 2020

During 2020, while unsold inventory levels improved, sluggish sales velocity in the middle of 2020 saw quarters taken to sell rise to an average of 10.1 quarters

Sales of residnetial units in the over Rs 50 lakh category accounted for 57 per cent of all sales in H2 2020, says a new report.

The affordable category with 43 per cent sales indicates that buyers of this category were far more impacted by the pandemic induced economic uncertainty, said the report by Knight Frank.

"Interestingly, this year saw a rise in the high-end category as buyers in that segment saw this as an opportune time to enter the market. Overall, buyers with strong financial fundamentals and with the capability of servicing long term debt were seen making their house purchases