People play cricket near a residential housing complex in suburb of Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
Home sales in India’s top cities recovered to pre-Covid levels in the three months ended December, aided by lowest interest rates in decades and a reduction in statutory levies in Maharashtra.Combined housing sales in the top eight cities recovered to almost 100% of pre-Covid levels at 61,593 units in the fourth quarter of 2020, according to a report by Knight Frank India. That’s up from 54% or 33,403 units in the preceding quarter.O...