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After impressive growth in the first two quarters, the real estate sector is expected to see further gains during the upcoming festive season -
The festive mood is quite upbeat among buyers looking forward to making holiday investments, especially in residential real estate -
Mid-range segment and luxury segment will be clear sellers during festive season -
Gurgaon tops list of most wanted destinations in Delhi-NCR
Indian festivals have been an annual high for residential real estate. Festivals such as Navratri, Dussehra, Diwali and Diwali are the times of the year when homebuyers choose to purchase properties at a premium, giving a major boost to the real estate industry.
While the real estate industry has witnessed some degree of slowdown over the past decade, the sector has seen phenomenal growth in the first two quarters of this year and is clearly expected to see growth in the festive season ahead.
A recent survey conducted by R&R, an independent research arm of Rise Infraventures Limited, to understand the festive mood this year clearly indicates that the real estate sector is expected to witness a significant growth in demand for residential real estate, driven by the Delhi-NCR A range of options are now available.
Vishesh Prakash of R&R By Rise Infraventures,explain,”A recent survey of potential property buyers in Delhi-NCR has revealed that properties in Delhi-NCR will surprise everyone by growing beyond all expectations during the festive season. Buyer sentiment clearly points to better times ahead for the residential real estate sector, with Gurgaon topping the list of preferred hotspots, followed by Delhi and Noida.As the country prepares to return to a high-growth path, an overwhelming majority of buyers say they can’t wait to take the first step toward home ownership during the festive season, given the auspicious value of buying a home during this period. “.
Many homeowners also said they are looking to upgrade to bigger and better homes, with a focus on the mid-range and luxury segments. The survey clearly shows the emergence of a property buying class, making home buying an inherent part of festive investment, with the majority of buyers prepared to spend anywhere between 1-2 Cr. Looks like the good times are back!
Main highlights
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Residential real estate market shows bullish signs ahead of holidays -
Mid-range and luxury car segment will see increased demand during festive season as economy grows -
Buyers are optimistic as they consider festive investments in residential real estate -
Gurgaon emerges as dream destination for buyers, followed by Delhi and Noida
