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The move will benefit more than 30,000 home buyers, a top official said. Unsold flats and nearby land will be used by the new promoter to generate money and complete the project, UP Rera chief Rajive Kumar said.
Confident the real estate sector will do well as long as there are “right developers, right pricing and right unit size”, says eminent banker Deepak Parekh
In Q4, the overall rental values increased by 2.5% year-on-year across major cities against a backdrop of buoyant leasing and decline in new supply.
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