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Below are Perspective on Real Estate GDP data By Rohit Poddar, Poddar Housing and Development Ltd

"With the unlocking of the economy, the operations were expected to scale up leading to revenue generation. This is reflecting in the Q3 economy data citing the recovery after two quarters. The service sector needs to be mobilized for GDP to expand at an accelerated pace. The nation-wide vaccination drive may help bring normalcy to the services sector. 

Apart from the agricultural output which was aided by a normal monsoon year, the construction and real estate sector output helped the GDP growth. The high traction in the real estate sector was on the back of the reduction in stamp duty and other levies in the state of Maharashtra. This has played a crucial role in attracting home buyers to invest in homes and pushing the real estate market towards a higher growth trajectory"

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