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Preparing for a foundation of long term growth

DNMUM394412 | 8/12/2017 | Author : Team DNA | WC :512 | Business & Economy

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TREND TRACKER: The real estate sector in India witnessed residential sales rising by 3% in Q1 FY’18 as per  PropTiger’s Realty Decoded report
PropTiger.com recently released the findings of its ‘Realty Decoded Report’ for Q1’FY 18 (April- June). As per the report, residential sales in the sector continued to gain momentum with increase of 3% over the previous quarter. Total units sold in Q1 FY’18 were 53,352 across ninecities. Despite the multiple policy changes such as demonitization, RERA and GST, the sales in Q1’FY 18 was only lower by 4% compared to Q1’FY 17 sales of 55,500 units. 38% growth in sales velocity seen compared to last quarter in projects which were launched 7 to 12 months ago.
The report f
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