Business

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

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

With the help of conducive government policies such as lower stamp duty and home loan interest rates, housing unit sales increased 20 pe rcent year-on-year between the period of January-March 2021. 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 top eight metro cities. Even amid rising COVID-19 cases, Mumbai led all other cities for the third consecutive quarter, registering a 38 per cent share in the new and re-launched projects.

Registering a 21 per cent share, Hyderabad overtook Pune to bag the second position. Delhi contributed with a three per cent share in the overall new unit additions.