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Houses worth Rs 1.11 lakh crore sold during Q1 2024, up by 68% in value terms: Report

Houses worth Rs 1.11 lakh crore sold during Q1 2024, up by 68% in value terms: Report
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Houses worth Rs 1.11 lakh crore were sold during Jan-Mar, says report

"Growth in housing sales both in volume and value terms augurs well for the overall economy as more than 200 ancillary industries, including cement and steel, are dependent on the real estate sector,” said Vikas Wadhawan, Group CFO, REA India. PropTiger.com data showed that housing sales grew by 41 per cent to 1,20,640 units in the first quarter of this calendar year from 85,840 units in the corresponding period of the previous year. ....

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Housing sales up 68pc in Jan-Mar to nearly Rs 1.1 lakh cr on higher volumes, price rise: Report

Housing sales up 68pc in Jan-Mar to nearly Rs 1.1 lakh cr on higher volumes, price rise: Report
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Tamil Nadu , Andhra Pradesh , West Bengal , Vikas Wadhawan , Head Of Research , Real Insight Residential , Proptiger Com , Business Head , Non Resident Indians , Metropolitan Region , Housing Com ,

Budget 2024 ammo for India to win real estate battle over injured China

Interim budget: India s budget plays a big role in strengthening the property market and supporting the Bharat Moment. The budget should focus on affordable housing and streamline clearance processes to promote growth in the residential real estate sector. It is crucial to grant industry status to the real estate sector and facilitate easier credit access. Increasing the tax rebate on home loan interest rates from Rs 2 lakh to Rs 5 lakh and providing incentives for developers and homebuyers will stimulate the affordable housing market. These measures will contribute to achieving housing for all and invigorate the housing sector. ....

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Hyderabad second largest real estate hub in 2023: report

Hyderabad second largest real estate hub in 2023: report
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