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Work From Home Didn’t Spur Property Boom In India’s Smaller Cities
Property sales fell 10-48% in smaller cities in FY21.
23 May 2021, 11:45 AM IST
Home sales in India’s top markets may have surpassed levels seen before the pandemic but that trend isn’t percolating to smaller cities, contradicting the belief that remote working spurred reverse migration and demand outside the metros.Tier-II and tier-III cities witnessed a decline in housing sales in the year ended March compared to last year, when national lockdowns were imposed to curb the pandemic, according to data by propert...
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