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Mumbai, Pune & Hyderabad to significantly shape real estate s narrative in upcoming months: Housing com - Money News

Mumbai, Pune & Hyderabad to significantly shape real estate s narrative in upcoming months: Housing com - Money News
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renting costs: Rentals in prime micro-markets surge on rising demand for larger homes

Renting costs in prime residential micro-markets in Mumbai, Delhi, Bengaluru, Noida, and Gurugram have increased by up to 35% in 2023 due to the resumption of normal office routines by corporate employees who had chosen to work from non-metro locations during the Covid years. The opening of metro lines 2A and 7 between Dahisar and Andheri has boosted demand for rental homes, particularly in the western suburbs micromarket.

S P Setia set to reach 2020 sales target

“Moving forward, other than focusing on clearing the completed inventories, S P Setia will remain prudent with new launches, concentrating on the mid-range landed homes in established townships to cater to the demand of owner-occupiers.” PETALING JAYA: S P Setia Bhd is on track to achieve its 2020 sales target of RM3.8bil, considering that the company had already secured new sales and bookings of RM2.9bil and RM1.8bil respectively as at Oct 31,2020. TA Securities Reseaerch in a report yesterday said sales momentum has been encouraging, as buyers are taking advantage of the current low interest rate environment and incentives offered under the Penjana initiative.

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