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According to the report titled Real Insight Residential – Annual Round-up 2021, home sales in India’s eight prime housing markets increased 13% in 2021, when compared to the overall sales in 2020. The figures include the sales numbers for all the four quarters in both calendar years.
Mike Demand for completed residential properties is rising compared to that for under-construction flats, as the share of ready-to-move-in homes in the total housing sales in 2020 rose to 21 per cent from 18 per cent in the previous year, according to News Corp-backed realty brokerage firm PropTiger. A total of 1,82,640 units were sold in the 2020 calendar year, of which 21 per cent were in the RTMI (ready-to-move-in) category and 79 per cent were under-construction, PropTiger said quoting its Real Insight report for 2020. In 2019, a total of 3,47,590 units were sold of which 18 per cent were...
Ready-to-move-in homes remain the preferred option, continue to boost sales in 2020: PropTiger Report
WFH impact: Homes get bigger, business centres open within housing complexes Thanks to COVID-19 and the work-from-home culture, many people are seriously considering homeownership. The idea is to own a home and make it as large as possible with multipurpose rooms. Developers meanwhile are going the extra mile to cash in on the trend. With the work-from-home and learn-from-home culture here to stay, at least for as long as the pandemic lasts, some homebuyers, especially those on rent or those working from matchbox-sized accommodation, are scouting for larger housing spaces. Developers, too, ar...