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Below is Perspective on Knight Frank`s June 2021 Property registrations report By Mr. Rohit Poddar, Managing Director, Poddar Housing and Development Ltd

“As the businesses across the country unlock in a phase-wise manner, the sector is pacing towards the recovery. With the foresight of first-wave and partial lockdown on businesses during the second wave, businesses managed to stay afloat. From real estate standpoint, the 327% growth in registrations in June Y-o-Y is phenomenal and only dictates that consumption has increased. Considering the outcome from June, the sector hopes to end the year on a good number while stabilizing the sector at large. Also, the increase in Women home buyers from 1.8% in May 2021 to 4.7% in June 2021 showcases the success of the stamp duty reduction allocated for women. Additionally, June also witnessed 42% new registrations making it an instrumental month that drove sales successfully. Going forward, the sector expects significant traction from young home buyers and change in buying patterns, keeping in mind market dynamics.”

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