Need for safer, bigger homes to drive demand for residential real estate

While real estate and construction remained the most impacted sectors in India in H1FY21, there was some buoyancy during H2FY21, with the economic activity reviving. Measures such as a reduction in the stamp duty in Maharashtra, lower interest rates, pent up demand and a halt in launches provided some relief to the realty sector. However, the green shoots that had started becoming visible were short-lived as the second wave of the pandemic hit the nation unawares and much harder, according to a research report by Brickwork Ratings.