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  • Business Today

    THE BUZZ — BRIEFINGS

    Jan 21, 2022 3 minutes

    REALTORS’ REALITY

    are gaining some pricing power. Demand for homes surged 51 per cent in 2021 over 2020 following pandemic-induced disruptions, continuation of work from home, and low interest rates on home loans. Chennai, Hyderabad, and Bengaluru recorded decent price appreciation. Developers in micro markets close to infrastructure projects like Delhi-Mumbai corridor (Sohna, Haryana), and Jewar international airport (Noida) also hiked prices by mid-single digits. What’s keeping realtors jittery is steady cost escalation—25-30 per cent over the past one year—that is threatening their margins. estimates residential prices

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