Floods or rains ...People still love Chennai!!
Nationwide, home sales in the top 7 cities have increased by 71% to 2,36,530 homes by 2021, as the second wave of the corona begins to subside. Although home sales have increased more than ever before, Corona has not reached pre-existing levels. According to an anarchist report, the corona is down 10% from what it was before.
The decline in home loan interest rates was 2,61,358 homes sold in 2019, compared to 1,38,350 homes sold in 2020. The interest rate on home loans has fallen to an all-time low in previous months. However, the need may not be fully recovered.
It is noteworthy that some states, including Maharashtra, have reduced stamp duty to encourage the real estate sector. At the same time, the builders were offering a number of offers to encourage sales. But none of them gave up properly until the last. In the 4th quarter alone, sales in the 4th quarter alone increased by 39% and home sales were tied up. It is noteworthy that this increase was among the festive season and some positive factors.
In the Bangalore & chennai IT city of Bangalore, home sales increased by 33% to 33,080 units. It was 24,910 units in the previous year. In chennai, home sales increased by 86% to 12,530 units. The same was 6,740 units in 2020.
Home sales have also increased in Vandaloor, Chennai. Despite the heavy rains and floods, house sales in chennai have not been affected much. So it has come to light that people like chennai as a whole. This is an increase of 35% over the previous year to 12,370 units and in the same 2020 to 9,170 units.