Need for Residential real estate recoils in 2021

Residential real estate saw healing in 2021 with price development pan-India of 1.7% during the quarter. The need for housing in 2021 reached March 2021 degrees. Despite the 2nd wave of the pandemic bring about financial consequences in April and May 2021, household real estate experienced healing in 2021 with rate growth throughout India of 1.7% during the quarter, according to Magicbricks PropIndex Q2 2021 record. The demand for housing in 2021 got to March 2021 levels. The lockdown due to the second wave as well as extension of Work from Home (WFH) society caused climbing need for 3BHK and above, with buyers seeking to update their residences as a result of the requirement for additional room for office. The shift brought about a rise sought after for 3BHK and also above in leading cities like Delhi-NCR, Kolkata, and also Hyderabad, reaching an all-time high of over 65% of the total demand share in these markets. Sudhir Pai, CEO, Magicbricks, said, "The recuperation popu...