Home sales at pre-Covid level; overall sentiment optimistic: Knight Frank

The residential segment outlook, according to the survey findings, was supported by pent-up demand, multi-decadal low home loan interest rates, and attractive residential prices

Sales of residential units across eight major Indian metros – Kolkata, Chennai, Pune, National Capital Region (NCR), Mumbai, Bengaluru, Hyderabad and Ahmadabad – reached pre-Covid levels at 61,593 units in the December 2020 quarter (Q4’CY20) and the sentiment is likely to improve further, according to Knight Frank-FICCI-NAREDCO Real Estate Sentiment Index for the October – December 2020 period. On average, these cities recorded total sales of 61,467 units in 2019, data show.

The residential segment outlook, according to the survey findings, was supported by pent-up demand, multi-decadal low home loan interest rates, attractive residential prices and state government incentives such