cnbctv18.com-Festive season set to boost real estate sales; Developers say a rate cut would pump demand
In a recent report by PropTiger.com, a subsidiary of REA India, the average property prices in most cities that were analysed, experienced double-digit growth in the third quarter of calendar year 2024 compared to the same period last year.
Property prices in India’s eight prime residential markets firmed up further in the past one year amid a spike in the cost of construction, data available with online property brokerage firm PropTiger.com stated.
G Hari Babu, National President of NAREDCO, said the festival season is a crucial catalyst to boost demand in the real estate market. This period aligns with auspicious buying times, encouraging potential homebuyers to make significant investments.
