A recent report by property consultancy Knight Frank reveals a significant shift in India’s real estate market during the first half of the calendar year 2023. The sales of mid-segment and premium homes have surpassed affordable homes, despite an increase in residential property prices across major Indian cities. The surge in demand for costlier homes has come at a time when the overall sales of residential properties experienced a marginal decline. This article delves into the key findings of the report, analyzing the factors behind this trend.

The development of India’s economy has been significantly influenced by the Indian construction industry. It is one of the industries with the fastest expansion. India has undergone a considerable development boost because of its substantial infrastructural developments and rapid urbanization. Each sector’s expansion is accompanied by increased obligations and pressure to live up to community expectations. Nevertheless, similar to other industries in India, the construction industry faces an assortment of challenges that need to be rectified. This article provides a brief overview of concerns and opportunities associated with the construction industry. 

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