Real Estate Sector Outlook During Festive Season.

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New Delhi, Delhi, 7th of October, 2024 : Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd

Real estate demand remains robust across all kinds of properties. This is also reflected in our pre-sales performance during Q1 of the current financial year, where we have already achieved 30% of the target for the current financial year. As we enter the festive season, we are very optimistic that the real estate sector, especially the mid and premium residential segments, will continue to perform well. The possibility of the RBI reducing key rates in the next couple of months may further increase the demand in the near future.

Mr. Aman Sarin, Director & Chief Executive Officer, Anant Raj Limited

The residential real estate market in India continues to experience robust demand, particularly for larger and luxury housing units across the country. Over the past few years, sales have kept pace with new project launches, leaving very limited inventory in the high-end and luxury segments.

In fact, there’s a noticeable supply shortage in the luxury and ultra-luxury segments due to high demand and fewer project launches at premium locations by renowned developers in recent years. We expect this trend to continue, with only a limited number of new launches anticipated in the NCR and across the country during the upcoming festive season. Anant Raj is also planning to launch luxury designer apartments, called “Estate Apartments,” in Sector 63A, Gurugram, within its existing integrated township.

As demand significantly outstrips the supply in the pipeline, we foresee a further upward price movement in these segments, reflecting the market’s strong momentum.

Mr. Mohit Jain, Managing Director, Krisumi Corporation

The demand for real estate has been strong, especially in the luxury segment, for the last couple of years and is likely to maintain the momentum in the future. The festive period is traditionally seen as an auspicious time from a purchasing point of view, so we usually see more traction and interest from homebuyers during this period. Moreover, the promotional offers from real estate developers during the festive season often attract a wider range of consumers. We’re confident that this festive period will bring a boost to the entire industry.