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Higher-value property registrations and an augmented stamp responsibility fee are noted as contributing components. Knight Frank India, an actual estate consulting firm, offered insights into the rising share of registrations for properties valued at Rs 1 crore and above. This surge is attributed to increased property prices and a preference Real Estate News amongst homebuyers for extra spacious accommodations. Conversely, the residential real estate sector witnessed a surge in demand, pushed by low rates of interest, a need for extra residing house, and significant migration patterns within the country.

  • The latest reading of the Consumer Price Index confirmed that inflation decreased to three.1% in November.
  • There have been additionally records for work, however general average collectible costs have been down by 1 per cent.
  • Speaking on the event, Dhami stated he was happy that the day has lastly come when individuals are getting the lease free of cost to construct their dream house.
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