Summary:
Chennai: A latest report has observed that the residential market in India has seen a steady rise in both sales and launches in Q1 2021 (January – March) period. While launches were recorded at 76006 units sales were recorded at 71963 units in the top eight cities of India said the report by Knight Frank. The report cited that the house price in Chennai has significantly increased to 8 per cent QoQ in Q1 2021. The home sales registered growth to 4058 units in Q1 2021 compared to 2588 units in Q4 2020. New launches also witnessed a meaningful improvement of 2981 units in Q1 2020 compared to 1167 units in Q4 2020 it said..