IGI Logo

Below is Perspective on Knight Frank’s India Real Estate: H2 2021 report By Mr. Rohit Poddar, managing Director, Poddar Housing and Development Ltd.

“The year 2021 was a remarkable one for the branded real estate players. People realized the importance of owning a home, this led to sales in the top 8 cities rising 51% YoY. Quality and timely delivery were the key criteria for sales.

The initiatives by the government such as a cut in stamp duty, property tax waivers, RBI keeping rates near a two-decade low coupled with lucrative offers and reduced home prices helped maintain the momentum. New launches as per new requirements were another reason for high traction in 2021.

Largely the high momentum is expected to continue for residential as well as commercial & office space. The hybrid work culture with the workforce called to the office for a few days and WFH for rest will keep the demand for office space up. Completion of new infra projects in key cities will likely result in the creation of new micro-markets and residential hotspots.”

Above views are of the author and not of the website kindly read disclaimer