[INDIA REAL ESTATE NEWS] Good morning, everyone. I’m Shubham Pundir |
staff of Kamagroup Pvt. Ltd. Here I have important INDIA REAL ESTATE news
to share with you which is as under mentioned.
The IT city has emerged as the most active residential property market in the
country over the last two years, with overall housing sales rising by 80% in the
first quarter of 2019 against the same period in 2017.
Overall unsold stock has also declined by 44% during the same period — the
maximum among top cities, data from ANAROCK Property Consultants showed.
“Builders cautiously focused on releasing less new supply in the market and
instead focused on sale of old projects. This, invariably, led to increase housing
sales. At any given point, an inventory overhang within 18 months is considered
a healthy market,” said Anuj Puri, chairman- ANAROCK Property Consultants.
Read more at: https://economictimes.indiatimes.com/wealth/real-estate/housing-sales-in-bengaluru-zip-80-in-q1-2019-over-2017/articleshow/69938737.cms
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Have a nice day.