The real estate sector is upbeat about the upcoming festive season and expects a windfall in sales. Demand for housing is already at an all-time high and the festivities are expected to fuel the positive sentiment further. Truevisory interacted with various stakeholders on the topic.
Shipa Jain Nagpal, Director Truevisory Realty, states that " Demand for housing is currently soaring, and the festive season is expected to add even more fuel to the fire of optimism."
Historically, festivals have consistently brought positivity to the real estate market, particularly in the residential sector. Developers seize these occasions to present enticing offers and flexible payment plans, with the aim of attracting a larger pool of buyers during these festive periods. Many experts in the market believe that the residential sector will continue to experience steady growth in the coming months, driven by changing perceptions of homeownership.
In today's context, potential buyers no longer view homeownership as a mere necessity; it has evolved into an investment and lifestyle choice. This shift in perspective has significantly transformed the real estate landscape. Buyers now regard their property purchases as a means of securing their financial future and creating assets for future generations. According to these experts, this evolving mindset will maintain strong demand in the real estate market moving forward.
Aman Sarin, Director and CEO, Anant Raj Limited, says, “A significant driver of housing demand is the rising importance of property ownership, buoyed by consumer confidence in the broader economic climate. Our focus is on augmenting high-value inventory, encompassing luxury villas and condominiums during the festive season in Anant Raj Estate, Sector-63A, Golf Course Extension Road. All in all, the festive season is poised to exert a favourable influence on the real estate industry.”
Furthermore, developers hold a positive outlook regarding the increasing aspiration for homeownership. They anticipate that by introducing appealing schemes and incentives, there will be a robust demand for homes across various cities. Additionally, the sustained repo rates and the alignment of the appraisal cycle with the festive season are expected to provide a significant boost to residential sales figures in the upcoming months. Historically, festivals often serve as a catalyst for property acquisitions due to the prevailing belief that these occasions are propitious for investments. Developers leverage this sentiment by presenting alluring offers and adaptable payment options to attract prospective buyers.
