Investment demand is yet to recover, and city-centric sales are being driven largely by end user segment.

This is primarily driven by historically low financing rates, upfront packaged prices, and regulatory reliefs.

In the first half of calendar 2020, residential business for Kolkata showed an increase of 37 per cent. Continuing in line with the past trends, 58 per cent of new launches were in the less than Rs 50 lakh category. In the commercial real estate segment, the supply is reported to be down 27 per cent to 1.6 million square metres for H1 CY20.

While the government stimulus to real sector as an industry has not been given on the demand side but large positive stimulus given to the supply side which will benefit selective strong players in the market.

Source: www.realty.economictimes.indiatimes.com