BusinessPhoto: News18Hi BusinessLuxury Home Sales Rise as Demand for Affordable Housing Falls in India
In India, demand for expensive and luxury homes is steadily increasing, while demand for budget flats is declining. According to a JLL India report, sales of homes priced under 1 crore rupees fell by 23% in the first nine months of the current financial year. Conversely, sales of homes priced above 1 crore rupees rose by 23%.
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