Kolkata Home Registrations Fall 13% in July 2024

23 Aug 2024 CW Team

Kolkata experienced a 13% drop in home registrations in July 2024, marking a significant decline compared to the previous month. This downturn reflects a slowdown in the real estate sector, influenced by various factors including economic uncertainty and shifting market dynamics.

The decrease in registrations is notable given the previous months' steady performance, suggesting potential concerns among buyers and investors. Industry experts attribute the drop to a combination of higher property prices, increased interest rates, and a cautious market outlook.

Real estate developers and agents are now focusing on strategies to boost sales, including promotional offers and flexible financing options. They hope these measures will stimulate buyer interest and stabilise the market in the coming months.

Despite the recent decline, the long-term outlook for Kolkata?s real estate market remains positive, driven by ongoing infrastructure projects and urban development initiatives. The sector is expected to recover as market conditions improve and economic stability returns.

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