Housing prices appeared to be recovering in Q4 of FY21 as the economy emerged gradually from the pandemic, CARE Ratings said today. The All India Housing Price Index moved at a rate of 2.7 per cent YoY in Q4FY21 to 285.1, from 278.1 in Q4FY20. This growth the RBI HPI was apparently a major step in upwards, as it had risen from 1.1 per cent in Q2 to 2.2 per cent in Q3 of the year.

       However, the second wave that came in April disrupted the sector. While some pent-up demand could emerge during the year, the impact on prices in FY22 would tend moderate, it said. Going forward, the ...