Housing Sales: Demand Expected To Continue Going Forward; Volume May Jump 12% In FY23
2 years, 7 months ago

Housing Sales: Demand Expected To Continue Going Forward; Volume May Jump 12% In FY23

News 18  

After being hit by the COVID-19 pandemic and coming to almost a standstill for two years, the real estate market has now started gaining momentum. The momentum is expected to continue in 2022-23 on the back of strong demand, and housing sales may jump around 12 per cent year-on-year in the current financial year, according to a report by India Ratings. The steady performance and quick revival in FY22 have likely helped the sector regain buyer’s trust.” In the financial year 2021-22, for the top-eight real estate clusters, housing sales increased 42 per cent y-o-y on a pandemic-impacted lower base. In FY23, Ind-Ra expects well-known and trusted developers to witness better sales, and affordable housing segments to continue to claim around 50 per cent share of the total sales, the report said. “Demand for offices has started making a swift return with office space leasing registering a 25 per cent year-on-year jump during January-March 2022 to 10.8 million square feet.

India Real Estate Housing Market Sales Demand Cent Ncr Housing Sales  report  jump  total  housing  going  continue  sales  fy23  expected  forward  market  real  estate  residential  volume  demand  cent

History of this topic

Average Apartment Sale Price In India Hits Rs 1.64 Crore In 2024: Report
2 weeks, 5 days ago

Average Apartment Sale Price In India Hits Rs 1.64 Crore In 2024: Report

ABP News  

India saw the sale of 2.3 lakh homes valued at Rs 3.8 trillion in the first nine months of 2024, with an average sale price of Rs 1.64 crore per apartment, driven mainly by premium projects, particularly in Delhi NCR, according to global real estate consultancy firm JLL. “With capital values surging and being at an all-time high, close to …

Home prices in India to rise 6.5% in 2025, driven by demand from wealthy: Survey
3 weeks, 1 day ago

Home prices in India to rise 6.5% in 2025, driven by demand from wealthy: Survey

Deccan Chronicle  

Average home prices in India are set to rise steadily over the coming years driven mainly by demand from wealthy individuals, while the rising cost of living will make owning a property unattainable for most people, a Reuters poll found.While India's middle class tightens its belt, cutting back on everything from tea to two-wheelers due to soaring consumer inflation, the …

Housing market ‘is reviving’ amid growth in house prices and mortgage approvals
2 months, 3 weeks ago

Housing market ‘is reviving’ amid growth in house prices and mortgage approvals

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “These trends have helped to improve affordability for prospective …

Surge in NRI Investments 2024: India’s Real Estate Market
3 months ago

Surge in NRI Investments 2024: India’s Real Estate Market

The Hindu  

A surge in NRI investments has been registered in the Indian real estate market by 15-20% over the last twenty months. Optimism in the Indian Economy leading to surge in NRI Investment: As of 2023, non-resident Indians have spent more than thirteen billion dollars on real estate. According to sources, it is anticipated that by 2025, the surge in NRI …

Bangalore and Hyderabad: Leading India’s Real Estate Surge
3 months, 2 weeks ago

Bangalore and Hyderabad: Leading India’s Real Estate Surge

The Hindu  

Tech cities like Bangalore and Hyderabad, are seeing massive market growth in 2024 in the real estate landscape of India. A Report on Bangalore and Hyderabad Real Estate Surge by Anarock: It has been reported by Anarock that the demand for housing in Bengaluru and Hyderabad has surged by more than 80 percent in certain areas since the year 2020. …

India’s luxury housing sales rise; what is driving premium real estate demand?
3 months, 3 weeks ago

India’s luxury housing sales rise; what is driving premium real estate demand?

Live Mint  

Housing sales in India hit an 11-year high of 1.73 lakh units between January and June, according to a report by global real estate consultants Knight Frank. The luxury housing segment contributed around 41 per cent of the real estate sector's sales growth from January to June. Delhi-NCR sold around 3,300 luxury homes in the first half of 2024, a …

Housing sales across top 7 cities expected to witness double digit growth in 2024-2025: ICRA
4 months, 2 weeks ago

Housing sales across top 7 cities expected to witness double digit growth in 2024-2025: ICRA

Hindustan Times  

Presenting a stable outlook for the residential real estate sector in financial year 2024-25, credit rating agency ICRA Limited on August 7 said that housing sales across the country’s top cities - Mumbai Metropolitan Region, National Capital Region, Bengaluru, Hyderabad, Pune, Kolkata and Chennai - are expected to witness double digit growth in 2024-2025. Housing sales across top 7 cities …

Millennial Homebuyer Trends-2024
4 months, 3 weeks ago

Millennial Homebuyer Trends-2024

The Hindu  

In 2024, Millennial homebuyer trends will have a big influence on the real estate market in India. The Challenges Millennial Homebuyer Faces Buying a Home: Despite their strong inclination to purchase houses, millennial homebuyers confront specific demanding circumstances including excessive student debt, growing home charges, and stricter mortgage arrangements. Some millennials also look forward to authority- Investment vs. Lifestyle Choices: …

Housing sales in top 30 Tier 2 cities increase by 11% in FY2024 on the back of high demand: PropEquity
5 months, 2 weeks ago

Housing sales in top 30 Tier 2 cities increase by 11% in FY2024 on the back of high demand: PropEquity

Hindustan Times  

Housing sales across top 30 Tier II cities increased 11% annually to nearly 2.08 lakh units during the last fiscal year on the back of high consumer demand driven by robust economic growth, infrastructure development and growing desire for home ownership, according to data analytics firm PropEquity. Housing sales across top 30 Tier II cities increased 11% annually to nearly …

Luxury realty booms: Homes above Rs 1 cr now 41% of India's housing sales
5 months, 2 weeks ago

Luxury realty booms: Homes above Rs 1 cr now 41% of India's housing sales

Business Standard  

India's residential real estate market is experiencing a surge in activity, fueled by a robust economy and growing demand for luxury living. A new report by Knight Frank, titled "India Real Estate: Residential and Office, revealed that the first half of 2024 witnessed a significant jump in residential unit sales across India's top eight cities, including Mumbai, Delhi-NCR, Bengaluru, Pune, …

Housing Rental Market Trends in India Across Top Cities 2024
6 months ago

Housing Rental Market Trends in India Across Top Cities 2024

The Hindu  

Housing rental market trends in India indicate that slightly over sixty-four percent of renters intend on becoming homeowners four years from now, there are still thirty-six percent who opt for renting homes rather than investing in their own. City-Wise Rental Market Trends in India for Top Cities in 2024 1. Hyderabad Rental Market Trends: In the second quarter of 2024, …

Will Your Property Price Increase? Know 5 Factors Indicating Scope Of Capital Appreciation
6 months, 1 week ago

Will Your Property Price Increase? Know 5 Factors Indicating Scope Of Capital Appreciation

News 18  

The Indian real estate market offers immense growth potential, but choosing the right location to invest in can be a daunting task. Understanding migration patterns of young professionals towards specific cities or areas with booming job opportunities can provide valuable insights into areas likely to experience high demand and property value appreciation. Market’s Demand Supply Dynamics With a greater influx …

Modi 3.0: Cabinet’s nod to 3 crore rural and urban homes under PMAY to help revive the affordable housing segment
6 months, 1 week ago

Modi 3.0: Cabinet’s nod to 3 crore rural and urban homes under PMAY to help revive the affordable housing segment

Hindustan Times  

Hours after taking office for a third consecutive term, Prime Minister Narendra Modi's new Union Cabinet announced its first major policy decision to provide assistance for the construction of an additional three crore rural and urban houses under the Pradhan Mantri Awas Yojana. This, say real estate experts, is aimed at ensuring continuity to the Housing for All scheme and …

Report shows record high real estate confidence in Q1 2024
7 months ago

Report shows record high real estate confidence in Q1 2024

The Hindu  

The Knight Frank-NAREDCO Real Estate Sentiment Index Q1 2024 report reveals a significant rise in market confidence among real estate suppliers. Positive home buyer sentiment and stable home loan interest rates have led stakeholders to anticipate continued demand growth in the residential sector over the next six months. In Q1 2024, 80% of survey respondents believed that residential launches would …

Indian housing market outlook bullish, consumer sentiments positive: Report
7 months, 4 weeks ago

Indian housing market outlook bullish, consumer sentiments positive: Report

Business Standard  

Consumers sentiments in India's housing market remain positive despite a rise in prices, according to realty portal Magicbricks. "Despite inflationary pressures, the Housing Sentiment Index across India remains robust with strong buyer confidence," it said in a statement. The survey revealed a positive market outlook for the Indian residential real estate sector with an overall HSI of 149. Magicbricks said …

Real estate sector expected to touch a market size of $1.3 trillion by FY2034: Credai
9 months, 1 week ago

Real estate sector expected to touch a market size of $1.3 trillion by FY2034: Credai

Hindustan Times  

The real estate sector is projected to touch a market size of $1.3 trillion by FY 2034 and $5.17 trillion by 2047, according to a report by the builders’ apex body Confederation of Real Estate Developers’ Association of India. The real estate sector is projected to touch $1.3 trillion by FY 2034 and $5.17 trillion by 2047, Credai has said, …

Polls and housing trends
9 months, 1 week ago

Polls and housing trends

The Hindu  

As India gears up for its upcoming general elections, optimism and anticipation are evident across various sectors, and the real estate market is no exception. Historically, India’s general elections have been a time for positivity — after all, every political party in the fray pledges to boost economic growth and improve infrastructure. Favourable regulatory changes The government’s focus on housing …

House prices continue to rise despite higher interest rates, inflation and cost of living
9 months, 3 weeks ago

House prices continue to rise despite higher interest rates, inflation and cost of living

ABC  

In short: Home values rose 0.6 per cent in February, with increases in every capital city except Hobart, according to CoreLogic. Home values rose 0.6 per cent in February, with increases in every capital city except Hobart, according to CoreLogic. "It's pretty unusual for economic conditions to be so weak but the housing market showing this really strong trend," CoreLogic's …

This Week: Retail sales, housing starts, home sales
11 months, 1 week ago

This Week: Retail sales, housing starts, home sales

Associated Press  

A look at some of the key business events and economic indicators upcoming this week RETAILER CHECKUP The Commerce Department delivers its December snapshot of U.S. retail sales Wednesday. Retail sales, monthly percent change, seasonally adjusted: July 0.6 Aug. 0.7 Sept. 0.8 Oct. -0.2 Nov. 0.3 Dec. 0.4 Source: FactSet TRACKING HOME CONSTRUCTION New government data on residential construction should …

Real estate outlook 2024: Institutional investors may exercise caution when allocating capital into realty estate sector
11 months, 1 week ago

Real estate outlook 2024: Institutional investors may exercise caution when allocating capital into realty estate sector

Hindustan Times  

The real estate sector in India attracted over $5.8 bn institutional investments across 53 deals in 2023, a 14% percent increase compared to 2022. The share of institutional inflows from Americas, the conventionally highest contributor into Indian real estate, witnessed a significant dip of 23 per cent from 43 per cent in 2022, a report by JLL has said. The …

Housing demand trend to stay intact, says Jefferies; downgrades Prestige, Sobha
11 months, 2 weeks ago

Housing demand trend to stay intact, says Jefferies; downgrades Prestige, Sobha

Live Mint  

The Indian housing market volumes surged 25% YoY in 2023, doubling in 3-years, and this positive trend in the residential real estate demand is expected to stay intact, said Jefferies. Top picks Jefferies downgraded Prestige Estate Projects to ‘Underperform’ from ‘Hold’ but raised its target price to ₹1,000 per share from ₹750 earlier. It also downgraded Sobha to ‘Hold’ from …

Hyderabad second largest real estate hub in 2023: report
11 months, 2 weeks ago

Hyderabad second largest real estate hub in 2023: report

The Hindu  

In 2023, Hyderabad emerged as the second-largest real estate hub in India, experiencing a 49% year-on-year growth in the sale of housing, according to the ‘Real Insight Residential – Annual Round-up 2023 ‘ report released by PropTiger.com. The report, which analysed data from eight major cities across India, highlighted Ahmedabad as the leading city with a 51% growth, followed closely …

Housing sales makes new peak in 2023
11 months, 3 weeks ago

Housing sales makes new peak in 2023

Deccan Chronicle  

Chennai: Housing sales in the top 7 cities have created a new peak in 2023, increasing 31 per cent over the previous year. Around 4,76,530 housing units were sold in 2023 in the top 7 cities, against 3,64,870 units in 2022 – 31 per cent increase. In terms of supply, around 4,45,770 new units were launched in 2023 against 3,57,640 …

Surging demand, soaring sales to keep real estate under arc lights in 2024
11 months, 3 weeks ago

Surging demand, soaring sales to keep real estate under arc lights in 2024

The Hindu  

India’s housing market defied logic this year to register all-time high sales as home buyers snapped up deals despite a jump in asking prices and the highest interest rates in six years. The real estate industry saw record sales of residential properties in terms of both volumes and value, real estate market data showed as consumers are increasingly buying into …

Property prices see 'significant decline' in some suburbs and regions despite housing market rebound
1 year ago

Property prices see 'significant decline' in some suburbs and regions despite housing market rebound

ABC  

Property prices "defied expectations" to hit record high values this year, but some suburbs and regional areas have bucked the trend and seen "very significant declines" in their median house prices in the past 12 months. Key points: Data from PropTrack shows suburbs of greater Hobart have seen median house prices fall by more than 10 per cent in the …

India's construction sector levels up as housing demand spurs economy
1 year ago

India's construction sector levels up as housing demand spurs economy

Firstpost  

Home sales in India’s seven largest cities, including Mumbai, New Delhi and Bangalore, rocketed 36% in the July-September quarter from a year earlier to more than 112,000 units, despite an 8%-18% increase in prices, according to real estate consultancy Anarock. The world’s most populous nation had an urban housing shortage of around 19 million units last year - and that …

Real Estate To See Bumper Discounts This Diwali? Festive Charm For Housing Sector, Check Report
1 year, 1 month ago

Real Estate To See Bumper Discounts This Diwali? Festive Charm For Housing Sector, Check Report

News 18  

The Indian residential real estate market is typically an interplay of two fundamental factors. Colliers India, in its latest assessment of the Indian real estate sector said that the fourth quarter of October-December, especially festive offerings by developers and banks & financial institutions, are quite synonymous. It added that ultimately, the festive season provides the one last thrust to residential …

Betting on premium
1 year, 3 months ago

Betting on premium

The Hindu  

The first half of 2023 has witnessed growth in the mid and premium housing segments. Mumbai, the largest real estate market in India, too witnessed a surge in demand for mid and premium segment housing. Vinay Rohira, Sales Head, SD Corp, adds, “Homebuyers now have a higher disposable income where they are willing to spend more leading to an increased …

Housing prices rose across 43 cities in Q1 of FY24: Report
1 year, 3 months ago

Housing prices rose across 43 cities in Q1 of FY24: Report

Hindustan Times  

Housing prices rose in 43 cities in the first quarter of 2023-24, while the rates of residential units fell in seven cities, according to National Housing Bank. Eight key primary residential markets -- Ahmedabad witnessed a 9.1 per cent appreciation in property prices while Bengaluru 8.9 per cent and Kolkata 7.8 per cent during the April-June 2023 period. READ | …

India’s housing market enjoys rapid growth, but can it last?
1 year, 4 months ago

India’s housing market enjoys rapid growth, but can it last?

Live Mint  

The Indian real estate market is showing robust performance in the second quarter of 2023, with sales maintaining its momentum as new supply continues to pour in. The ISB – Housing.com Housing Price Index shows an increase of 7.21% in property prices during Q2 2023, a jump from both Q1 2023’s 6.78% and Q2 2022’s 2.83%. Housing Price Index - …

EMIs Of Homebuyers Rise Over 20 Per Cent In Two Years In Affordable Housing Segment
1 year, 4 months ago

EMIs Of Homebuyers Rise Over 20 Per Cent In Two Years In Affordable Housing Segment

ABP News  

Affordable housing in India suffered the most due to the Covid-19 pandemic, and unlike the other segments, has not recovered in the past two years. According to their report, the share of affordable housing in overall sales in H1 2023 shrunk to 20 per cent, an 11 per cent decrease against the corresponding period in 2022. The mounting desolation is …

From renting to owning: Millennial revolution in homeownership
1 year, 4 months ago

From renting to owning: Millennial revolution in homeownership

Hindustan Times  

The Covid-19 pandemic unleashed a wave of unforeseen challenges and disruptions, shaking the foundations of our world. According to a white paper by 360 Realtors, a leading real estate consultancy, there are 400 million millennials in India, comprising 46% of the country's wage-earning population. A survey by CBRE titled “Live, Work, Shop” reveals that over 70% of Indian millennials aspire …

Hiranandani Group MD Explains How Indians Are Moving Towards Home Ownership Instead of Rental Houses
1 year, 5 months ago

Hiranandani Group MD Explains How Indians Are Moving Towards Home Ownership Instead of Rental Houses

News 18  

The Indian housing market has been revitalised by sustainable domestic consumption. The influx of global firms into Grade A real estate implies a buoyant outlook for India’s economic growth and demand. The real estate market will see a rise in evolving product mix like student housing, coliving, senior living, and multi-family housing in the looming future due to flux in …

Residential sales in eight cities second highest in a decade in H1 2023
1 year, 5 months ago

Residential sales in eight cities second highest in a decade in H1 2023

Hindustan Times  

MUMBAI: The residential sales in the top eight cities touched 1.56 lakh units in the first half of 2023, the second highest in a decade, said the half yearly report on real estate released by international property consultants Knight Frank on Tuesday. HT Image The luxury segment homes priced above ₹1 crore grew from 25% in H1 2022 to 30% …

Housing boom: buy now or wait?
1 year, 6 months ago

Housing boom: buy now or wait?

The Hindu  

When the Reserve Bank of India’s Monetary Policy Committee, in its second bi-monthly monetary policy meeting of FY24 this week, decided to leave the repo rate unchanged at 6.5%, economists and industry experts felt their expectations were met. After the RBI hiked the repo rate several times and then maintained it at 6.5%, home loan interest rates also increased. Should …

Housing sales surge 48% in FY23 to ₹3.47 lakh crore: Report
1 year, 7 months ago

Housing sales surge 48% in FY23 to ₹3.47 lakh crore: Report

Hindustan Times  

Housing sales rose 48 per cent year-on-year to ₹3.47 lakh crore during the last fiscal across seven major cities on higher volumes and better price realisation, according to Anarock. According to the data, housing sales in Delhi-NCR rose 42 per cent to ₹50,620 crore last fiscal from ₹35,610 crore in the previous year. In Pune, housing sales rose 77 per …

Housing Prices In India Increase Sharply In Q1, See An Average 7% YoY Jump: PropTiger
1 year, 7 months ago

Housing Prices In India Increase Sharply In Q1, See An Average 7% YoY Jump: PropTiger

News 18  

Housing prices in India surged sharply during January-March 2023, with the average price rise across all the major realty markets in the country being nearly 7 per cent as compared to last year, according to a report by PropTiger.com. The average rate of properties in Bengaluru saw a 10 per cent appreciation in the past one year, making it the …

Housing Sector: A Real Estate Segment With Strong Signs Of Resilience, Growth
1 year, 8 months ago

Housing Sector: A Real Estate Segment With Strong Signs Of Resilience, Growth

News 18  

In recent times, economies across the globe have experienced post-pandemic disruptions, escalating geopolitical situations, and high inflation. This period was The residential real estate market in India made astounding progress in 2022, setting new sales records of 68 per cent YoY, further demonstrating the industry’s prominence as one of India’s fastest-growing sectors. The luxury real estate market will be a …

Affordable housing breaks ground
1 year, 9 months ago

Affordable housing breaks ground

The Hindu  

Affordable housing is predicted to play a big part in the expansion of the Indian real estate market this year. Affordable housing has become one of the most vibrant segments of the Indian real estate market. This highlights the crucial role that the real estate sector, particularly affordable housing, can play in boosting the country’s economy. Given India’s enormous housing …

Real estate in Delhi-NCR to grow exponentially in 2023: Report
1 year, 9 months ago

Real estate in Delhi-NCR to grow exponentially in 2023: Report

Hindustan Times  

The real estate market in Delhi-NCR is expected to grow exponentially in 2023, with some interesting trends shaping the future of Delhi, Gurgaon, Noida and the periphery areas that are all gaining traction like never before. Real estate continues to be the best investment option in Delhi-NCR, with approximately 40 per cent preferring it over other investment options. One of …

Premium home boost to India's housing market, overall sales at 9-year high
1 year, 10 months ago

Premium home boost to India's housing market, overall sales at 9-year high

India Today  

India saw a spurt in housing prices as soon as it stepped out of the pandemic. Housing sales, prices rise hand-in-hand Mumbai and Bengaluru are among the top five best-performing Asia-Pacific residential markets in terms of annual price growth in the second half of 2022. While housing prices in Mumbai and Bengaluru rose by 7 per cent annually, housing prices …

Future of real estate market in India in 2023
1 year, 10 months ago

Future of real estate market in India in 2023

Live Mint  

The residential real estate market in India had astounding progress in 2022, setting new sales records of 68% YoY, further demonstrating the industry's prominence as one of India's fastest-growing industries. Real estate market in 2022 Hari Movva, Senior Vice President, SILA said despite the faltering economy we are currently experiencing, the real estate sector lived up to its best in …

2023: The year of explosive growth for Indian real estate
1 year, 10 months ago

2023: The year of explosive growth for Indian real estate

Firstpost  

In 2023, there will also be an increase in home rates and rental yields. The holiday destinations have posted remarkable growth along with some major cities, which will continue to be the trending The real estate industry had a challenging 2022. Luxury housing market to swell further The luxury real estate market has thrived in the post-pandemic phase and reached …

Budget 2023: Here’s what the real estate sector is expecting from FM Sitharaman
1 year, 10 months ago

Budget 2023: Here’s what the real estate sector is expecting from FM Sitharaman

Hindustan Times  

The Indian real estate market saw a strong comeback post pandemic with the residential sector picking up demand amidst healthy economic growth, a Mint report states. The real estate sector is looking forward to budget 2023 to drive the demand for housing through tax relief and lesser stamp duty According to Gurmit Singh Arora, national president of Indian Plumbing Association, …

Housing prices beginning to firm up after 2-yr COVID lull: Eco Survey
1 year, 10 months ago

Housing prices beginning to firm up after 2-yr COVID lull: Eco Survey

Deccan Chronicle  

NEW DELHI: Housing prices have started to firm up after a two-year COVID lull and unsold inventories have declined on rise in demand, the Economic Survey said on Tuesday, as it anticipated a decline in prices on the back of a cut in import duties on many construction materials. India's residential market has witnessed recovery this fiscal on pent-up demand …

Budget 2023-24 Expectation: Create a blueprint for real estate industry in the new normal
1 year, 10 months ago

Budget 2023-24 Expectation: Create a blueprint for real estate industry in the new normal

Firstpost  

The year 2022 was a year of recovery and growth for the Indian residential market with tangible signs of revival and resilience, which is demonstrated in the growth of residential demand and supply across the country. With the effects of the pandemic stabilizing, the demand for rental homes also increased as offices and educational institutions reopened, especially in the first …

Budget 2023-24: Realty sector hopes for financial and policy impetus to sustain growth momentum
1 year, 10 months ago

Budget 2023-24: Realty sector hopes for financial and policy impetus to sustain growth momentum

Firstpost  

India’s real estate sector has risen like a phoenix and delivered a sterling performance in 2022 with residential sales increasing by more than 50 percent over the previous year. The real estate industry community is looking up to the Centre to provide financial and policy impetus to sustain growth momentum in the Union Budget for 2023-24. Revise I-T slabs, provide …

Budget 2023: Real estate sector's expectations from Finance Minister Nirmala Sitharaman
1 year, 10 months ago

Budget 2023: Real estate sector's expectations from Finance Minister Nirmala Sitharaman

India TV News  

Budget 2023: Finance Minister Nirmala Sitharaman will be presenting the Union Budget 2023 on February 1. Real Estate Sector Expectations The real estate sector in India is one of the highest contributing sectors and the second-largest employment generator after agriculture. Co-working spaces have emerged as a major contributor to the commercial real estate sector and 10% on the receipts lead …

Budget 2023 Expectations: Will Home Buyers Get More Relief? Here's What Real Estate Sector Wants From FM
1 year, 11 months ago

Budget 2023 Expectations: Will Home Buyers Get More Relief? Here's What Real Estate Sector Wants From FM

News 18  

Real estate sector in India is expected to grow at a CAGR of 15%, from $60 billion in 2010 to $1,000 billion in 2030. Despite the rise in interest rates on home loans by more than two percentage points over the past year, housing sales have remained strong in 2022, in large part, because of the pent-up demand from the …

Budget 2023: Real Estate Sector Seeks Higher Tax Exemption On Home Loan Interest From Govt
1 year, 11 months ago

Budget 2023: Real Estate Sector Seeks Higher Tax Exemption On Home Loan Interest From Govt

ABP News  

The real estate sector exhibited a strong growth in 2022 after the decline in the pandemic and is now hopeful of continuing the upward trajectory. Across the nation, real estate developers are primarily expecting support in terms of higher tax exemption on the home loan interest under Section 24 up to Rs 5 lakhs from an existing Rs 2 Lakhs …

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