The report highlights that even though the first wave had a far bearing impact on the residential real-estate, the sub-sector was quick to regain its balance. 74 per cent of respondents that participated in this survey expect that there will be an increase in demand for the residential sub-sector, of which. 86 per cent indicated a 10-20 per cent increase.

Aditya Kushwaha, CEO and Director, Axis Ecorp noted that "The real estate market is not ready to taper right now and will continue to move in a fast direction amid pent-up demand. Interest rates also have a major Impact on the current boom. During these uncertain times, homebuyers are scouting for projects that are spacious, deploy sustainable materials and are giving preference to self-sustaining societies. They are expecting a better experience and long-term connection with their house.