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Below is Perspective on Knight Frank's All India Residential H1 Report By Mr. Rohit Poddar, Managing Director, Poddar Housing and Development Ltd

“With an aggressive vaccination drive coupled with limited restrictions on businesses, the second wave had less impact on the real estate sector. From real estate standpoint, the reduction in repo rate, stamp duty, ready reckoner rate has been crucial in driving the sales momentum in H2 2020 and Q2 2021. Moreover, post the stamp duty revision, lucrative offers from developers have managed to sustain the momentum. As a result, real estate witnessed historic growth Y-o-Y in the H1 2021. With the foresight of first-wave, developers recalibrated their approach towards new launches to suit the current time while developing properties that address the current new age home buyer demand. Overall, H1 2021 has been fantastic in terms of sales and partial recovery.”

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