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Nirmal Bang Report
Heading into the festive season in India in Q3 FY22, listed developers had lined up a number of new launches across tier-I and tier-II cities. Low mortgage rates, stable property prices, robust hiring outlook for IT/IT enabled services and financial services sectors (especially in South India) and continued work from home regime helped to support residential housing demand.
Experts have opined that momentum in new launches have continued from October 2021 onwards. Demand for commercial realty will continue to recover in short to medium term, led by -
large hiring in IT/IT enabled services and other sectors,
adoption of the ‘hybrid' working model by majority of corporates amid the rapid vaccination drive and
return to office.
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