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The most-awaited Diwali season is finally here and every industry has started planning to go big this month, especially after the two back-to-back years of lockdowns and COVID-19 havoc. During the festive period, buyers prefer making big-ticket purchases as it is considered auspicious by a majority of people. Sales across all the sectors rise during this season due to obvious reasons and real estate industry is no different. Although, the Indian realty sector didn’t perform well in the second quarter of the calendar year, witnessing moderate housing sales – from about 99,550 units in Q1 2022 to about 84,930 units in Q2. However, the festive fervour came as a big push for both residential and commercial real estate. Defying all the odds like, excessive monsoons, and rising property prices and interest rates, the housing sales have gained momentum once again with as many as 88,230 units are sold across the top 7 cities in the Q3 2022. Since COVID-19-induced lockdowns have made people realized the importance of home ownership, more and more people have been investing in residential properties. To maintain this current momentum during the ongoing festive season, many developers have also rolled out lucrative launch offers which are being received well in the housing market.