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Below View on Knight Frank Report - Housing Sales Down 1pc in H1 By Mr. Amit Goyal, Managing Director, India Sotheby's International Realty

The residential market in India has been experiencing sustained growth since 2020. In the calendar year 2022, housing sales also reached an all-time high. We see this very minor moderation in the June 2023 quarter,  as a brief pause, mostly due to a decline in ready to move in quality inventory in good locations of top seven cities of India.  Barring that, we expect home sales to maintain their growth momentum, with projections pointing to another strong year. End-users' demand for residential properties has strengthened, and we are also witnessing a gradual return of investors, particularly in the high-end and luxury residential segments. This renewed interest is also fuelled by price appreciation after a prolonged period of stagnant home prices in India.

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