COVID-19 Impact on Housing Market

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What was the difference in the impact of the first and second COVID-19 waves on quarterly housing transactions?

The first wave had no decline, while the second wave had a decline

Both waves had an equal decline

The first wave had a greater decline, while the second wave had a lesser decline (correct)

The first wave had a lesser decline, while the second wave had a greater decline

In which cities did the housing prices decrease during the first COVID-19 wave?

Mumbai, Pune, and Bengaluru

Gandhinagar, Ahmedabad, and Hyderabad

Thane, Kolkata, and Bengaluru

Delhi, Noida, and Ranchi (correct)

Which of the following cities had a different trend in housing prices during the first COVID-19 wave compared to other cities?

Ranchi (correct)

Mumbai

Delhi

Gandhinagar

What was the trend in housing prices in cities like Ahmedabad and Hyderabad during both COVID-19 waves?

They increased during both waves Signup and view all the answers

What is the trend in housing prices in cities like Mumbai and Pune during the first COVID-19 wave?

They increased Signup and view all the answers

What was the trend in housing transactions between the two COVID-19 waves?

They recovered swiftly Signup and view all the answers

According to Figure 21A, what was the percentage change in housing transactions in Gandhinagar during the Second COVID-19 wave?

28% Signup and view all the answers

What was the primary reason for the boost in housing demand during the second COVID-19 wave?

Pent-up demand and government measures to increase affordability Signup and view all the answers

What was observed in the number of unsold residential units during the second COVID-19 wave?

A significant drop Signup and view all the answers

What does Figure 21B show?

Change in housing prices index in Q1 FY21 and Q1 FY22 Signup and view all the answers

What is the source of the data presented in the figures?

NHB Signup and view all the answers

What can be inferred from the response of housing transactions to COVID-19 shocks?

Housing transactions adjust more than prices to shocks in the housing sector. Signup and view all the answers

Why are transactions a better indicator of sentiments in the housing market?

Because transaction responses are more pronounced. Signup and view all the answers

What happened to housing prices in most of the selected cities during the COVID-19 pandemic?

They increased in some cities. Signup and view all the answers

How did the decline in housing transactions compare between the first and second COVID-19 waves?

The decline was less during the second wave. Signup and view all the answers

What happened to housing transactions in cities like Mumbai and Pune during the second COVID-19 wave?

They increased relative to pre-pandemic levels. Signup and view all the answers

In which cities did housing transactions decline during the second COVID-19 wave?

In cities such as Gandhinagar, Ahmedabad, Chennai, Ranchi, Delhi, and Kolkata. Signup and view all the answers

COVID-19 Impact on Housing Market

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