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34,075 housing units sold in February 2021 :Report

Sale ofhousing unitsin February 2021 has reached to the last year level in the back of strong demand, according to a real estate data analytical firmPropEquity.

“Housing market has been improving over the last few quarters and our data has suggested that home sales will continue to see growth in 2021. India is also undertaking the largest vaccine drive for COVID19 and as we cover more and more population, we will witness a decent rise in demand,” said Samir Jasuja, MD and Founder, PropEquity.

Developers are also coming up with festive offers to boost up demand.

According to the PropEquity data, 34,075 housing units were sold in February 2021, marginally less than 34,376 in February 2020.

“From the real estate sector point of view, we have to wait and watch how this currentCOVIDspread pans out over the next few weeks. Demand is there for the right projects but if the lockdown continues for a longer time, then it may delay buying decisions of some home buyers. We hope the current lockdown is short-term and will have negligible impact on construction-related activities,” Ankush Kaul, President (Sales & Marketing) – Ambience Group.

Chennai and Pune have recorded maximum growth with 22% and 18% respectively but in NCR the sale of the as down by 40%.

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