There has been rapid growth in the real estate sector in the last few years. There has been a sharp increase in house prices and rents in big and small cities. However, there has been a steady increase in the number of home buyers. The latest example of this is a video going viral on social media. It is being told that there was a long queue for 8 hours to buy an apartment worth Rs 1.5 crore to Rs 2 crore.
The video is said to be from Pune, Maharashtra. According to the tweet, long lines were seen to buy houses in Wakad area, located 15 km from the main city of Pune. The video has been shared on microblogging site X. In this, there was a long queue of people outside a building, waiting to go inside the house.
The user who shared the video asked the question whether other people would be willing to wait for eight hours to buy a house? After this, comments came from many users. Some said they would not wait so long to buy a house. Whereas some people refused to buy a house. One user wrote, I don’t think the people standing there have 1.5 crores or 2 crores. Most of them are standing to do good business of the bank.
Another user wrote that it is difficult to believe. This could be a builder’s marketing strategy with some renters, but I could be wrong as a similar queue was seen on the day of iPhone launch. The third user said that this is completely misleading. All these people are channel partners waiting for the event, not actual buyers. Please note that ABP Live has not confirmed this viral video.
Number of home buyers increased in Mumbai
According to a Mint report, 4,594 properties were registered in Mumbai city during the nine-day Navratri period from October 15 to October 23, which is a year-on-year growth of 37.4 percent. In a report in early October, a property worth Rs 100 crore consisting of 10,000 square feet apartments was purchased by DLF in The Camellias on Golf Course Road, a Gurgaon real estate community.
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