Housing Sales Up 20% Year-On-Year In January-March 2021

INSUBCONTINENT EXCLUSIVE:
Mumbai led all other cities, with a 38 per cent share in new and re-launched projects.With the help of conducive government policies such as
According to a recent report by leading real estate portal 99acres.com, the fourth and last quarter of the financial year 2020-21,
registered the launch of as many as 600 new residential projects across the top eight metro cities
and re-launched projects.Registering a 21 per cent share, Hyderabad overtook Pune to bag the second position
Majority of the demand for property priced over Rs 1 crore was driven by Delhi and Mumbai, followed by Bengaluru and Hyderabad.However,
affordable housing within the range of Rs 40 lakh was the most sought-after choice with Kolkata leading the housing demand, followed by
Chennai, Ahemdabad, and Pune
The report added that the premium market picked up some pace, due to the non-resident Indians (NRI) demand in some cities such as Bengaluru
and Pune.In cities such as Hyderabad, Chennai, Kolkata, and Ahmedabad, the average property rates went up by a small margin