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Aggregate demand for housing witnesses over 13% growth in Q3: Report
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The residential real estate industry is showing signs of recovery after experiencing serious economic repercussion caused by the pandemic. A pan-India quarterly increase in demand of over 13% was witnessed during the third quarter, reveals the latest Magicbricks PropIndex report for Q3 (Jul-August-September) 2021. Further, the aggregate supply in the country jumped by nearly 8% QoQ during the period.
With the Covid-19 infection rates dipping and the onset of the festive season, the demand for homes in the country is further slated to grow. The highlights of the quarter are Ahmedabad, Mumbai Metropolitan Region (MMR), Delhi NCR and Pune as they witnessed a remarkable surge in both demand as well as new supply in their respective markets. In
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