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Home sales in Q3 2020 rise 2.5 times, launches surge 4.5 times: Knight Frank India



a tall building in a city: Home sales in Q3 2020 rise 2.5 times, launches surge 4.5 times: Knight Frank India


© Vandana Ramnani
Home sales in Q3 2020 rise 2.5 times, launches surge 4.5 times: Knight Frank India

Despite the COVID-19 pandemic, home sales volume jumped by 2.5 times to 33,403 units in the third quarter of 2020 compared to 9,632 in the second quarter of 2020. New residential unit launches increased by 4.5 times to 31,106 units in third quarter, compared to 5,584 units in the previous quarter, a Knight Frank India report has said.

Sales saw an uptick in the third quarter of 2020 over the preceding quarter on account of innovative schemes offered by real estate developers. These included financial benefits, discounts and easy payment options to attract buyers during the period of lockdown. Developers were also able to garner buyer interest through active usage of digital platforms during this period to engage with customers.

Lower home loan interest rate also supported pick-up in residential sales. The acute labour crunch experienced in the earlier part of the lockdown also started to ease out, as workers began to return to main cities seeking employment.

Even while there is a considerable distance from normality, the residential sector has started to show signs of improvement in the third quarter of 2020, the report titled India Real Estate Update (July – September 2020) that analysed the residential and office market performances across eight major cities for the Q3 2020 period, said.

The total residential sales of the top eight markets under review during Q3 2020, reached 54 percent of 2019 quarterly average. Similarly, residential launches in Q3 2020, improved to 56 percent of the 2019 quarterly average. Mumbai, Bengaluru and NCR accounted for 56 percent of the quarterly sales volume during Q3 2020 compared to 62 percent in 2019, primarily due to a fall in Bengaluru’s share in total sales for

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Frank Lloyd Wright Inspired Design Home By Former St. Pete Mayor

SAINT PETERSBURG, FL — Experience beautiful and refreshing nature right outside the doors of this home that is described as a masterpiece with its updated interior and Frank Lloyd Wright inspired design.

There is nothing ordinary about the designs inside this five bedroom home that sits on lush landscape that offers privacy.

Take the virtual tour and experience the luxurious and dream qualities of this $2.5 million home in Snell Isle.

A Frank LLoyd Wright inspired design, this contemporary home was built in 1968 by master architect and former mayor of St. Petersburg, Randolph “Randy” Wedding.

In 2006, with the help of architect Jovica Millic, the interior was renovated into the masterpiece it is today in Snell Isle Estates, on half an acre with lush landscape that offers complete privacy. This stunning 5,878-square-foot home offers five bedrooms and four-and-a-half baths with floor to ceiling windows that brings in plenty of natural light.

Enter through the etched copper double doors into the first level that features a guest suite & entertainment room with a massive fireplace. A distinguished staircase leads to a dining room with floor to ceiling glass panels with views of the garden and golf course. A brand new custom-made modern kitchen with Quartz counter tops, soft close cabinets, Bosch appliances, a Monogram refrigerator and a service elevator.

A separate living room with wide picture windows invites the beauty of the outdoor space. An additional three bedrooms and two-and-a-half baths are also located on this level. The master suite encompasses the entire third level complete with custom designed details. The master bath has a striking dual sink design, cabinetry and oversized jetted tub and a shower that can transform into a steam bath.

Brand new floors throughout the interior and freshly painted on the outside. Enjoy the outdoors and

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