Property prices in MMR, Pune, Bengaluru outperform rest of India

· The Mumbai Metropolitan Region (MMR), Bengaluru and Pune are currently the top three markets for buying homes for both end-use and as investment. Property prices bottoming out in MMR post-covid has helped move inventory in India’s most expensive city while the boom in the IT/ITeS sectors during the lockdown post-COVID has worked well for the IT-centric realty markets Bengaluru and Pune.

· Data indicates that these three cities remained the most active markets in 2020 – together accounting for a 67% share of the total housing sales (ofapproximately 1.38 lakh units) recorded in the top 7 cities, and 60% of all new launches (approximately 1.28 lakh units), according to real estate consultancy Anarock.

· Expects positive for Godrej Properties, Oberoi Realty, Phoneix Mills