Diwali lifts gloom, flat sales up 20% in NCR

NOIDA/GURGAON: Housing sales have risen by over 20% in the NCR in the run-up to Diwali this year as compared to last year, showing signs of improvement in the property market that faced a slowdown in 2013.

Experts and property consultants say that this trend is likely to continue over the next few weeks, all thanks to a new government, which has managed to improve investors’ confidence, and the attractive marketing strategy adopted by many developers.