Market participants expect a rise in demand in both residential and commercial real estate going ahead.
Anuj Puri, Chairman of Anarock Property Consultants noted that the Indian residential real estate market proved its resilience in 2020, and 2021 holds promise for commercial office and residential real estate, as well as warehousing and data centers.
Anarock data showed that the residential segment has shown a strong recovery in the second half of the year, with nearly 85,000 units launched across the top seven cities, recording a two-fold growth over the first half of 2020.
Sales during the second half were recorded at nearly 80,400 units, almost 40 percent more than the first half of the year.
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