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More people invest in residential properties; 85% of houses under construction for 2021 booked

  • The current situation involving work from home culture has created demand for large sized apartments. This, in addition to cheaper housing, and perception of bottoming real estate prices are now driving the demand for residential real estate.

With home loan interest rates now being low, more people are now able to afford residential properties. The current situation involving work from home culture has created demand for large sized apartments. This, in addition to cheaper housing, and perception of bottoming real estate prices are now driving the demand for residential real estate, a report by JM Financial Institutional Securities noted. According to the report, more people are buying houses across the country resulting in clearance of ready-to-move-in (RTMI) inventory and increase in purchase of under construction houses for this year.

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https://www.financialexpress.com/industry/more-people-invest-in-residential-properties-85-of-houses-under-construction-for-2021-booked/2287290/

SOURCE: FINANCIAL EXPRESS

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