Housing sales flat at Rs 1.48 lakh cr last yr in 15 tier-II cities, 10pc dip in volumes: PropEquity
Housing sales flat at Rs 1.48 lakh cr last yr in 15 tier-II cities, 10pc dip in volumes: PropEquity is drawing significant interest across the industry.
Samir Jasuja, Founder and CEO of PropEquity, said, The slowdown in housing sales over the past two years is largely due to a shrinking supply of homes priced below Rs 1 crore-a segment that has traditionally driven demand in tier-2 cities. Rising land and construction costs, along with changing buyer aspirations, are pushing new launches into higher price brackets, he added.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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