Housing sales in India improve during third quarter of this year

Housing sales in India improve during third quarter of this year

Housing sales in India improve during third quarter of this year

20 minutes ago

People walk past decorations set up on the road between residential buildings in Kolkata. Agence France-Presse

V Nagarajan

The pandemic dealt a major shock to the Indian housing market. Sales of residential units plummeted in Q2 2020, with prospective buyers postponing their purchase decisions. However, the situation has improved since May.

While there is still a long way to go, the worst seems to be over for the residential segment. A combination of favourable factors such as low mortgage rates, stable prices and flexible payment plans of developers make this an appropriate time for fence sitters to enter the market and strike a lucrative deal, according to a survey by JLL India. The government and the central bank have