A survey conducted by property consultant Anarock revealed that 70 per cent of its respondents preferred properties priced within Rs 80 lakh.
'The sector is currently riding on a new wave of optimism following the triple benefits it received from the government in the first three months of 2019.'
The average size of an apartment during 2014 was 1,290 square feet and in 2018, it got reduced to 1,100 square feet.
Even on the sales front, southern cities collectively overtook their counterparts.
ANAROCK Property Consultants Chairman Anuj Puri attributed the rise in residential sales to an overall favorable macroeconomic environment over the last one year.