{"id":1614,"date":"2021-04-05T12:48:00","date_gmt":"2021-04-05T12:48:00","guid":{"rendered":"https:\/\/staging.earnnest.me\/web\/?p=1614"},"modified":"2021-09-24T15:33:23","modified_gmt":"2021-09-24T15:33:23","slug":"residential-property-sales-up-44-in-jan-mar-2021-across-8-cities-knight-frank-india","status":"publish","type":"post","link":"https:\/\/www.earnnest.me\/web\/residential-property-sales-up-44-in-jan-mar-2021-across-8-cities-knight-frank-india\/","title":{"rendered":"Residential property sales up 44% in Jan-Mar 2021 across 8 cities: Knight Frank India"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1614\" class=\"elementor elementor-1614\" data-elementor-settings=\"[]\">\n\t\t\t\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-79aab87 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"79aab87\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ec773d0\" data-id=\"ec773d0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2185856 elementor-widget elementor-widget-text-editor\" data-id=\"2185856\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Residential sales have continued to do well in Q1 CY 2021, after witnessing a robust CY 2020. Buyers across cities prefer to purchase complete or near-complete apartments. This has led to a reduction of completed inventory in the overall supply available with the developers.<\/p><p>The renewal of demand has led to bottoming of prices in certain cities, whilst other cities have witnessed small increases. The sales launch of new residential projects too has increased across the top cities, signalling the start of a new development cycle.<\/p><p>Mumbai and Pune were the best performing markets benefitting partly from regulatory support in the form of reduced stamp duty. To benefit from the discount in stamp duty, several large-ticket purchases were observed leading to liquidation of high-value inventory stock.<\/p><p>For a growing economy like India, robust residential sector is key to meeting the fundamental need of an aspiring demography. As developers change their approach towards timely delivery of projects and enhancing the customer experience, there is a large demand that remains unserved.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Residential sales have continued to do well in Q1 CY 2021, after witnessing a robust CY 2020. Buyers across cities prefer to purchase complete or near-complete apartments. This has led to a reduction of completed inventory in the overall supply available with the developers. The renewal of demand has led to bottoming of prices in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1617,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-1614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insights"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Residential property sales up 44% in Jan-Mar 2021 across 8 cities: Knight Frank India - Earnnest<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.earnnest.me\/web\/residential-property-sales-up-44-in-jan-mar-2021-across-8-cities-knight-frank-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Residential property sales up 44% in Jan-Mar 2021 across 8 cities: Knight Frank India - Earnnest\" \/>\n<meta property=\"og:description\" content=\"Residential sales have continued to do well in Q1 CY 2021, after witnessing a robust CY 2020. Buyers across cities prefer to purchase complete or near-complete apartments. This has led to a reduction of completed inventory in the overall supply available with the developers. 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