gunjangoelpune

Every night, as they say, ushers forth a new dawn. For the economy as a whole, the last few years have been extremely difficult. The real estate industry, on the other hand, saw a surge in demand for housing, and despite rising building costs, the market has been functioning well. Let us examine the aspects that must lead to a substantial recovery in India's real estate demand. Encouraging sales numbers and new launches In the face of pandemics and blockades, real estate markets across India have demonstrated resiliency and succeeded in preserving their positions. While the housing market continued to recover strongly, commercial real estate remained more stable in late 2021. Residential sales increased by 51% year over year, hitting 232,903 units in the top eight cities in the country. According to Knight Frank India, new residences launched in 2021 climbed by 58 percent to 232,382 units. For the commercial office segment, the results were mixed. Despite the fact that the rent vol...