“The pandemic infused the need for upgrading the family’s primary residence,” said Balbir Singh Khalsa, executive director and branch director, Ahmedabad, at Knight Frank India. Conversely, the east accounted for 3% of sales during the second half of 2021. North and west remained the largest residential markets accounting for 38% and 30% of sales respectively. On the half-yearly basis, the new launches firmed up 77% to touch 8,422 units launched in July-December 2021 from 4,745 in the corresponding period of 2020. The new launches of residential units jumped substantially to 14,648 units by the end of 2021 as against 7,372 units coming to the market in the previous year.
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