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Factors contributing to the boom
Urbanization
Millions of people are moving to cities for better opportunities and living standards, creating a demand for housing.
Strong Economy
India's economy is strong, which has helped the real estate sector.
Increased Investment
There are more investment opportunities in the real estate sector.
Buyer Confidence
Buyers are more confident in the real estate maeket.
Impact on the market
Residential Sales
Residential real estate sales have increased significantly, especially in major cities like Mumbai, Bengaluru and Pune.
Luxury Homes
Luxury homes have been a surge in sales, especially in major cities.
Commercial Spaces
The demand for office spaces has increased.
Employment
The real estate sector is a major employer, generating 18% of national employment.
