Higher-value property registrations and an augmented stamp duty price are noted as contributing factors. Knight Frank India, an actual estate consulting company, 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 among homebuyers for more spacious accommodations. Conversely, the residential real estate sector witnessed a surge in demand, driven by low interest rates, a need for extra residing house, and significant migration patterns inside the country.
- The phrases land, real estate, and real property are sometimes used interchangeably, however there are distinctions.
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