Magicbricks’ Propindex Report Q2 reveals road to recovery for real estate
Real Estate

Magicbricks’ Propindex Report Q2 reveals road to recovery for real estate

As India’s economy has started getting back to a ‘new normal’ following the COVID-19 outbreak and the nationwide lockdown, the real estate sector has also started to witness some green shoots as home buyers are back in the market, though in lower numbers, across Tier-1 cities, reveals the...

As India’s economy has started getting back to a ‘new normal’ following the COVID-19 outbreak and the nationwide lockdown, the real estate sector has also started to witness some green shoots as home buyers are back in the market, though in lower numbers, across Tier-1 cities, reveals the Magicbricks’ Propindex Report Q2 2020. The report suggests that property buyer market sentiments are on the path to recovery, with the buyer searches on the Magicbricks property portal set to surpass the pre-COVID levels, indicating robust underlying fundamentals on the demand side.Real estate prices in the top eight cities saw a 2-9 per cent decline in April 2020. However, prices recovered in the April-June quarter to just 1-5 per cent decrease across Tier-1 cities.

Related Stories

Gold Stories

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 81086 03000

Join us Telegram