ANAROCK

2020 Year-End Housing Market Review – At 1.38 lakh homes sold and 1.28 lakh fresh supply, housing bottomed out in 2020

2020 has been an unprecedented year due to COVID-19, causing all-round upheaval.  However, the residential segment was quick to pick up momentum in the last two quarters of 2020 on the back of growing homeownership sentiment – catalysed by the exigencies of the pandemic. This pent-up demand was further accelerated by the ongoing discounts and offers, the prevailing lowest-best home loan interest rates, and limited-period stamp duty cuts in states such as Maharashtra