COVID-19 Impact on Housing Market
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Questions and Answers

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?

    <p>They increased during both waves</p> 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?

    <p>They increased</p> Signup and view all the answers

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

    <p>They recovered swiftly</p> 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?

    <p>28%</p> Signup and view all the answers

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

    <p>Pent-up demand and government measures to increase affordability</p> Signup and view all the answers

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

    <p>A significant drop</p> Signup and view all the answers

    What does Figure 21B show?

    <p>Change in housing prices index in Q1 FY21 and Q1 FY22</p> Signup and view all the answers

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

    <p>NHB</p> Signup and view all the answers

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

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

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

    <p>Because transaction responses are more pronounced.</p> Signup and view all the answers

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

    <p>They increased in some cities.</p> Signup and view all the answers

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

    <p>The decline was less during the second wave.</p> Signup and view all the answers

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

    <p>They increased relative to pre-pandemic levels.</p> Signup and view all the answers

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

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

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