There is a stir in the real estate sector, the prices of houses are increasing. Real Estate Sector On Boom Home Sale Rise 68 pc

You will get good returns in real sector at this time. Image Credit Source: Unsplash

India’s real estate sector is on boom these days. Homes are being sold at a rapid pace. If we look at the figures, business worth several lakh crores has been done between January and March and at this time people are also getting good property rates. In such a situation, if you want to get rid of your old house, then you can get a good price for it.

According to real estate brokerage firm PropTiger, house sales in major cities of the country have increased by 68 percent in the January-March quarter. In terms of value, this has been a business of approximately Rs 1.11 lakh crore. During this period, there has been a boom in the market in major cities both in terms of numbers and value.

This much business happened last year

PropTiger.com has said in its quarterly report ‘Real Insight Residential: January-March 2024’ that in terms of value, the sale of houses stood at Rs 1,10,880 crore in January-March this year, which was Rs 66,155 crore in the same period last year. Was.

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Vikas Wadhawan, Business Head and Chief Financial Officer (CFO), PropTiger, says that there has been growth in home sales both in terms of number and value. This is a good sign for the entire economy, because more than 200 supporting industries including cement and steel are dependent on the real estate market.

Area sales also increased so much this year

In the first quarter of this year, the sale of houses in terms of area has also increased by 63 percent to 162 million square feet. In the same quarter of last year, this sale was 9.9 crore square feet. During this period, in terms of numbers, the sales of houses have increased by 41 percent to 1,20,640 units. Whereas in the same period last year, 85,840 units were sold.

If you want to sell your old house or house, then this boom in the real estate sector can make you very rich. In this period, good prices are also available for resale properties.

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Brijesh Pratap
Brijesh Pratap

Hi, I am Brijesh Pratap, a content creator and WordPress website designer, I have been in content writing for more than 3 years. I specialize in creating engaging articles. As a WordPress expert, I design websites for businesses and bloggers, aiming for both visual appeal and impactful content. Join me on this journey of creative exploration and effective online solutions.

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