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Prop Headlines - News 1
Prop Headlines - News 1
Prop Headlines - News 1
www.propheadlines.com
news@propheadlines.com
Prop Headlines is in the opinion that the industry is witnessing the 'best
time' and it is possibly in the first or second year of long-term upcycle.
The real estate industry saw record sales of residential properties in terms
of both volumes and value, real estate market data showed as consumers
are increasingly buying into the idea of home ownership post-Covid
pandemic. The ouster of dubious developers from the real estate market
thanks to greater regulatory oversight via RERA helped boost confidence
among home buyers. The insolvency law too has played a role in
elimination of defaulting builders.
In value terms, the sales of residential properties are seen at a whopping Rs
4.5 lakh crore, supported by higher ticket prices. Housing prices, which
started moving up from last year after remaining stagnant for almost a
decade, continued an upward trend and appreciated by an average 14 per
cent this year, encouraging investors to return to the primary residential
market.
Ganga Nagar
Property Type: Independent House – Ganga Nagar
Specifications: Plot Area – 600 sqft – 50 lakhs
https://propheadlines.com/realestate/property/121
Kanaka Nagar
Property Type: Independent House – Kanaka Nagar
Specifications: Plot Area – 1200 sqft – 3.65 cr
https://propheadlines.com/realestate/property/122