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Residential property to play a major role in revival of real estate sector

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As the year 2010 begins , it is heartening to note that homebuyers are taking Plan for a low budget house the lead in reviving the realty market.

Looking forward, it is almost certain that the residential sector will continue to play a major role in shaping future growth in the sector. For homebuyers, this also means that developers are going out of their way to woo customers , with projects to suit different tastes and budgets.

Talking about the phenomenon , Kaustuv Roy, executive director, India, Cushman and Wakefield, the international property consultants says, Post meltdown, the residential sector has been the fastest to recover with stabilisation of prices being the major factor. The oversupply percentage was lower compared to other sectors, where estimates were much higher than the actual demand.

More : economictimes.indiatimes.com

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