While initial expectations were for new residential launches to commence from Oct’21 to coincide with the beginning of the festive season, the waning of the second Covid wave, record low mortgage rates and strong hiring/salary growth in the IT/ITes sector has led to developers preponing many launches to Aug-Sep’21 which have seen strong buyer demand. We expect this momentum to be carried forward into Q3FY22 (festivals of Dusshera and Diwali) and expect developers to post record sales booking numbers in H2FY22 led by new launches.