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Atul Banshal, Director-Finance, Omaxe Ltd.

Housing prices have increased in all major tier I and II cities on account of a surge in  demand and increase in construction cost. We anticipate prices to appreciate continuously going forward as demand remains robust. Post Covid, preferences of consumers  and needs have changed, and housing provides a complete sense of security and assurance for self and family of every individual. Although, the prices of key construction materials have moderated from its peak levels, but still, inputs costs are above reasonable level. Higher mortgage rate and an corresponding increase in housing prices have so far not been able to make a dent on consumers' demand as future of residential property prices look in upward trend in medium to long term.

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