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India's property market has heated up since the pandemic, with 2023 being the best year for home sales in at least 15 years. With about 70 million Indian households turning eligible for home ownership over the next 10 years, there would be a requirement for as many as 100 million new houses.
Eighteen major listed real estate developers sold properties worth Rs 1.17 lakh crore during the last fiscal with Godrej Properties becoming the largest player posting Rs 22,527 crore of sales bookings. Except for a few realty players, all major developers have achieved higher sales bookings in
The 30-share BSE Sensex pack dived 530 points or 0.71 per cent to trade at 74,640, while the broader NSE Nifty index moved 168 points or 0.73 per cent down to 22,721 level.
The documents show that the stamp duty paid for the deal was Rs 72 lakh.
The week gone by was highly volatile, with Nifty gaining 2.2% or 490 points in four sessions and hitting a lifetime high of 23,000. The week was also in the news for block deals involving over three dozen companies from large, mid and smallcap segments worth Rs 13,059 crore on screen.