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Developers eye big launches to push sales post covid 2.0

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BENGALURU : Top property developers have lined up a slew of housing projects for launch from July as they await a complete lifting of lockdown curbs imposed during the second wave of the pandemic.Sales of new residential properties that rose steadily since the coronavirus outbreak last year stalled when the second wave struck in March, prompting builders to defer launches.While this quarter would be a washout for both sales and launches, it is expected that the bulk of FY22 sales may come from fresh launches scheduled in the second half of this fiscal.DLF Ltd had launched projects totalling 1.5 million sq.

ft in 2020-21. Encouraged by improved sales, it is stepping up and targeting 8.3 million sq. ft of residential launches this fiscal.

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