New Delhi: After a two-year decline, India’s real estate market is now experiencing monumental growth. According to a survey from the industry, in the third quarter of 2022, housing sales doubled across seven major cities as the economy was in full gear. As the holiday season has already injected the market with positivity, bolstering the emotions, the sector is projected to have healthy growth in the fourth quarter.
Real estate
Let’s take a look at what developers of real estate are saying about the holiday season and what they predict for the last quarter of 2022. “Real estate developers appear to be doing exceptionally well over the holiday quarter. Regardless of the RBI’s adjustment to the repo rate, consumer and investor sentiment in the residential sector is only escalating. There is undoubtedly a rise in consumer interest in the luxury residential market. Our recently opened residential property, “M3M Capital,” in Sector 113, Gurugram, has also gotten a tonne of interest and sold Rs. 1200 crore during Navratri alone “director of M3M India, Pankaj Bansal.
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Developers launch enticing promotions and various payment options for consumers and investors to take advantage of the festive mood.
“The holiday season is a good time for homebuyers, and sales and inquiries are predicted to increase significantly. We employ both conventional and cutting-edge means as part of our omnichannel strategy to communicate our vision to prospective homebuyers. To further entice homeowners and assist in turning inquiries into sales, Alpha Corp is preparing to provide considerable discounts and freebies “the Alpha Corp.’s CFO and Executive Director, Santosh Agarwal.
Demand for commercial real estate
The demand for commercial real estate in India is soaring as economic activity picks up. Additionally, retail leasing in India increased by 166% year over year and surpassed 1.5 million square feet.
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“The holiday season is thought to be a lucky time to invest in real estate, and the market sees a number of profitable purchases and offers. Trehan Iris has also launched a unique investment programme for purchasers and investors interested in Iris Broadway Greno West. A unique investment programme that we have introduced guarantees a return of 12% on investments starting at just Rs. 25 lakhs. The lease guarantee for the programme is 18 years. Additionally, we are providing an assured bonus of Rs. 25,000 with each reservation.
price of real estate
The price of real estate in India is on the rise due to the high cost of raw materials. Homebuyers want to take advantage of the best bargain that developers are offering during the celebrations before prices continue to rise since they are aware of the escalating cost of homes.
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