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Festive Spurt In Home Sales May Not Be A Sign Of A Rebound Just Yet
Real estate developers saw an uptick in demand driven by discounts during festive period. But it’s too early to call it a revival.
27 Dec 2019, 11:52 AM IST
Developers saw an uptick in demand driven by discounts during the festival period, raising optimism about a revival in the struggling sector considered a benchmark for the Indian economy.Festive season was a cheerful phase for real estate developers as housing sales rose 20-25 percent over last year, Jaxay Shah, national chairman at developers lobby Credai, told BloombergQuint. A lot of projects were nearing completion and these attr...
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