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Housing Sales Rose 71% in 2021 To Reach 90% of Pre-COVID Levels, Launches Up 85% in Top 7 Cities

Mumbai 3 January 2022: Notwithstanding the devastating 2nd wave of COVID-19, Indian residential real estate staged a convincing comeback in 2021. ANAROCK data reveals that approx. 2.37 lakh units were launched across the top 7 cities during the year, touching the pre-COVID levels of 2019s. Yearly, new launches rose by 85% in 2021 over 2020.

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Real Estate

IT/ITeS, Infrastructure Drive Growth in Telangana: A State on the Move

State witnessed INR 1.5 Lakh Cr worth IT exports in 2020-21 – a 12.98% rise against the preceding year; 2.21X growth in IT/ITeS exports compared with the national average More than 6.3 Lakh employees presently working in IT/ITeS sector in Telangana Other than Hyderabad, various companies already exploring Warangal, Karimnagar & Nizamabad as alternate IT/ITeS

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Real Estate

Millennials guide to buying a house in your 20s

Buying a house in your 20s might seem impossible when you’re in your 20s. Recent graduates may have student loan debt and are working on an entry-level wage without any hope of a raise. Millennials have purchased homes, even though it may seem intimidating. The millennial generation is now the single biggest group of homebuyers

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Real Estate

Coworking – A Major Evolutionary Step for India Inc.

Coworking may be the latest rage in commercial real estate, especially now that COVID-19 has shaken up the office sector – but it is also about a lot more than that. Even before the pandemic, it was becoming clear that shared resources are the new normal in today’s economic environment which has made cab-hailing services

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Real Estate

Indian Residential Real Estate – Highlights of 2021

We entered 2021 with caution and anxiety as the pandemic was still raging across the world – and the situation in India was no different. 2020 had been a tough year for the Indian residential real estate as the 1st wave of the pandemic had brought everything to a standstill. Nevertheless, all industries – including

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Real Estate

7 Things to Look for When Choosing a Construction Management Software

In case you’re a custom home developer or remodeler, developing the construction management software is important to assist you with saving time, winning more work, and expanding benefits. Using construction project management software to deal with your work’s everyday activity is basic to being cutthroat and dealing with your business all the more proficiently. Be

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Real Estate

Chennai – Post-COVID-19 Supply of Mid, Premium Housing Up At 64%

Chennai 15th December 2021: Chennai’s residential market not only remained resilient post-COVID-19 but recorded a significant recovery from the second half of 2020 onwards. The mid and premium housing segments saw substantial demand and supply growth in pandemic times, reveals the FICCI-ANAROCK report ‘Tamil Nadu – Growth Engine of India.’  Of approx. 19,900 units launched

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Real Estate

How professional sales galleries help sell housing projects

The sales office – property buyers see it at every new housing project site but probably cannot guess how much thought and investment has gone into creating it. The sales/site offices or sales galleries are an integral and vitally important part of the entire real estate transaction lifecycle. A project’s sales prospects decrease drastically without

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Real Estate

Covid-19 Pandemic Redefines Luxury Living

As we all know, ‘luxury’ is a highly over-used word in Indian real estate. There has never been one clear definition of a luxury home in India. Does price define it? Does location define luxury, or a developer’s trademark? Sometimes, real luxury has all of these elements – but many times, none of them. What

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Real Estate

Unchanged Repo Rate Positive for Home Loan Borrowers

With Omicron throwing a shadow of doubt across the world and in India, the RBI has decided to keep the repo rates unchanged at 4% and reverse repo rate at 3.35%. This was expected, and is the ninth consecutive time that the RBI maintained status quo amid current uncertainties. The unchanged repo rates will help

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