An unfinished residential apartment project in the Andheri area in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
Developers saw an uptick in demand driven by discounts during the festival period, raising optimism about a revival in the struggling sector considered a benchmark for the Indian economy.Festive season was a cheerful phase for real estate developers as housing sales rose 20-25 percent over last year, Jaxay Shah, national chairman at developers lobby Credai, told BloombergQuint. A lot of projects were nearing completion and these attr...