Re Market Is Getting Stronger
Experts feel that the real estate market continues to grow, especially in Gurugram.
The real estate market has bounced back post Covid in a big way. With both unsold inventories drying up and new launches steadily picking up, experts suggest that the golden era of real estate has just begun, and things will only get better from here, providing all stakeholders a chance to grow manifold. Be it the homebuyers, investors, or the real estate players, this is the time make a move. Recent reports have also suggested that investment in real estate is growing, showing signs of positivity and confidence among investors.
Talking about the same, Hurun India MD and chief researcher Anas Rahman Junaid said, “After lying low for the last few years, Indian real estate sector is all set to become one of the biggest growth engines in India. Extraordinary world events such as Covid-19, Ukraine War coupled with inflation increased the attractiveness for investing in real estate, resulting in overall positive performance of the sector.”
Experts also suggest there is an increased propensity among the FIRE (Financially Independent Retire Early) generation to invest in realty market. By 2030, India will require more than 25 million new affordable housing units and developers are persevering in their efforts which is reflected in the 30% increase in averag wealth. While taking at a real estate conference recently, Getamber Anand chairman and MDATS Infrastructure Ltd, asserted, “There is a lot of buzz around the fact that the real estate and infrastructure sector is growing at a fast pace and golden years of real estate can be foreseen, after a few tough days. There is no-doubt that the market is picking up across the segment. Every market is responding well and there has been a spurt in demand and supply. The homebuyers and investors are looking for the right opportunities, especially homebuyers who have felt enhanced need for a home. Though there are pressure points for developers, especially steep increase in the cost of raw materials, which could impact the the prices and demand a bit. This will have to watched closely both by players and homebuyers, as it will impact both.”
There is no dearth of good locations and offering in the market today,across segments and price points.
Talking about offerings and how e recent government initiatives have further added zing to the real estate market, Pradeep Aggarwal, founder and ,chairman Signature Global Group asserted, “Real Estate sector os poised to grow. Due to improved connectivity, infrastructure, and urbanisation, the comparatively newer regions of Gurugram have seen a dramatic increase in popularity. Housing colonies are accessible through drawings under Haryana’s Affordable Housing Policy at a fixed price of 4,000 per square foot in beautiful locations in all these gamechanging sites in Gurugram. These places are ideal for housing complexes because of their proximity to the industrial belts of Manesar and Neemrana.”
Sachin Gawri, CEO, Rise Infraventures Limited, concluded, “Gurgaon is accessible from Delhi, Manesar and Neemrana and has excellent connectivity to the IGI Airport, making it a preferred residential hub. There is no dearth of good locations and offerings in the market today, across segments and price points. Both investors and homebuyers are out in the market, looking for opportunities to invest and reap the benefits of a great investment.”