Thanks to favorable government policies such as reduced stamp duties and interest rates on home loans, home sales rose 20 percent year-over-year between the period January to March. 2021. According to a recent report from the leading real estate portal 99acres .com, the fourth and final quarter of the 2020-2021 fiscal year saw the launch of 600 new residential projects in the eight main metropolises. Even amid the increase in COVID-19 cases, Mumbai dominated all other cities for the third quarter in a row, registering a 38% share in new and relaunched projects.
Recording a 21 percent share, Hyderabad passed Pune to take second. Delhi contributed 3% of all new unit additions.