India’s Real Estate Deals Fall by 82% in Third-Quarter

The total number of real estate transactions by volume for the first nine months of 2016 dropped by 42% year-on-year to reach $1.4 billion. This is in spite of the high level of interest shown by institutional investors, according to an article in the Economic Times.

Study Shows Indians Prefer Previously Owned Property

According to a recent study, when house hunting most Indians prefer to choose a previously owned property over a brand-new home. The survey by Track2Realty found three quarters of property buyers are currently in negotiations to purchase previously owned homes.

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