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14.11 - 08:31
New project launches in top 6 cities shoot up by 68% in Q3 2021: Report
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Top realty markets of the nation — that were derailed from the recovery path in Q2 2021, hit hard by the second wave of Covid-19 — seem to be getting back on track. Echoing the buoyant sentiment in the realty market, Q3 2021 saw the number of new project launches in the top six cities shoot up by 68% as compared to the previous quarter, according to Square Yards’ India Residential Overview (July-Sept 2021).
As per the report, continuing its good run from the previous quarters, MMR contributed to more than a quarter of the total new launches in Q3, 2021. This was followed by Hyderabad, with a share of 23%. Also, Maharashtra continued to maintain its stance as one of the most critical property markets with Pune and MMR collectively
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