Why has demand been rising?

Following the initial wave of Covid-19, housing demand soared in the two quarters between October 2020 and March 2021. This was aided by factors like stamp duty reductions by various state governments, builder incentives, and low financing charges. Starting with the second wave of Covid, the pace slowed in the quarter ending June 2021 but has picked up again in December 2021, thanks to greater economic openness, improved immunization rates, and more business output.… Read more