The home buying sentiment saw a considerable improvement starting in January 2022. By the end of the quarter in March 2022, the market witnessed an addition of 800-1,200 new inventories in the ₹40-80 lakh budget segment. Popular micro-markets in the eastern and western belts, such as Tane, Wakad, Bopodi, Kharadi and Kalewadi, posted a surge in housing demand in the above quarter, as per a report compiled by 99acres.com. Developers in the city continued with schemes such as a 100 per cent refund guarantee, which helped increase sales in the new home category. Also, the announcement of a one per cent hike in stamp duty across Maharashtra starting April 1, 2022, helped close pending property deals within the quarter.
Source: Hindustan Times
