The rise in home sales across the country is because of historically low home loan rates, and discounts being offered by developers. And consumers are opting for bigger homes with a study room.
Anarock Property Consultants says housing sales in the top seven cities in India could cumulatively record a 35% jump in the October to December quarter, on a sequential basis.
While the Budget brings relief to the affordable housing sector, the removal of exemptions under the new income tax regime comes as dampener for the real estate sector.
