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Below is Perspective on Knight Frank's Q3 2021 data for residential and office space By Mr. Rohit Poddar, managing Director, Poddar Housing and Development Ltd.

"With the robust recovery of the real estate and construction segment, job market revival, and the sizeable vaccination, sales of both residential and commercial properties are showing strong signs of revival. The share of home sales in the under INR 5 mn ticket size category standing at 43% in Q3 2021 reflects the high demand for affordable housing in and around metros. The upcoming festive season will boost this trend as the end-consumers and investors alike will look towards making the purchase, ultimately reflecting further growth.

Looking at the commercial segment, the sector is starting to boom as things start easing out and the same is evidently visible. The 6% growth of the commercial real estate segment signifies the strengthening of businesses despite the second wave. As restrictions ease-out further, the demand for commercial property is surely expected to overpower pre-pandemic levels."

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