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Chennai: Various measures taken by the government at the Centre as well as by several State governments to boost buyer confidence have started to show positive outcomes with home sales in India's eight prime residential markets showing a quarterly increase of 12 per cent in the January-March quarter compared to October-December quarter of 2020 shows a recent report. According to Real Insight – Q1CY21 builders sold a total of 66176 homes in the primary market in the January-March quarter of 2021 a time marked with several State governments including Maharashtra and Delhi announcing stamp duty and circle rate reductions to boost buyer sentiment and by effect housing sales. When compared to Q1CY20 however home sales in the markets covered in the analysis showed a decline of 5 per cent from 69555 units something that can be termed marginal considering that the January-March period in 2020 was the last quarter before the pandemic spread started in India forcing the government to announce a nation-wide lockdown late in March 2020 that brought economic activity in the country to a standstill said the report by online property brokerage firm PropTiger.
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