[INDIA REAL ESTATE NEWS] Good morning, everyone.|
I’m Shashi kant shukla staff of Kamagroup Pvt. Ltd. Here I have important INDIA REAL ESTATE news to share with you which is as mentioned under.
BENGALURU: The residential property market is not out of the woods yet but has seen a continuous uptick in sales volume since 2017 despite economic slowdown
and subdued consumer sentiment, and the industry hopes to match the 2013 peak levels in a year or two.
The country recorded sales of around 115,000 houses and flats in the first nine months of this calendar, 59% higher than during the same period in 2017 when the
market slumped following the sudden demonetisation of high value currency notes in November 2016.
Residential sales gained some traction in 2018 when 101300 units were sold in the first nine months.
Some cities have surpassed the pre-demonetisation sales levels this year, according to data from real estate service provider JLL. And experts expect some
revival in coming months.
“With a slew of reforms that the present government has implemented in the last couple of years settling down, we believe the next one year would pan out well for
residential market,” said Samantak Das, chief economist at JLL India.
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