Festive season to bring cheer to real estate sector

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Festive season to bring cheer to real estate
sector
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With a conflu?nc? of factors aligning in favor of
th? industry, this y?ars c?l?brations ar?
?xp?ct?d to b? bigg?r and bright?r than ?v?r
b?for?.
Th? Indian r?al ?stat? s?ctor is g?aring up for a
great com?back as th? f?stiv? s?ason of 2023
approach?s. Aft?r ?nduring s?v?ral chall?nging
y?ars mark?d by ?conomic volatility and th?
COVID-19 pand?mic, th? s?ctor is now s?t to bask
in th? radianc? of r?n?w?d optimism. Th? f?stiv?
s?ason promis?s to b? a gam?-chang?r, br?athing
lif? back into th? r?al ?stat? mark?t. With a
conflu?nc? of factors aligning in favor of th?
industry, this y?ars c?l?brations ar? ?xp?ct?d
to b? bigg?r and bright?r than ?v?r b?for?.
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Resurgence in residential demand
Th? r?storation of d?mand is on? of th? most
important asp?cts contributing to th? ch??r in
th? Indian r?al ?stat? mark?t. Th? mark?t has
slow?d in r?c?nt y?ars as a r?sult of th?
pand?mics impact on ?mploym?nt and incom?.
How?v?r, as th? nations immunisation campaign
g?ts traction and ?conomic activity picks up,
hom?buy?rs confid?nc? is r?turning. Prosp?ctiv?
buy?rs ar? r?turning to th? mark?t with r?n?w?d
vigour, taking advantag? of th? Christmas
s?asons app?aling off?rs and inc?ntiv?s from
d?v?lop?rs.
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According to Ashish Aggarwal, MD, Acube Ventures,
Th? Indian r?al ?stat? mark?t is ?xp?ct?d to
com? back ov?r th? f?stiv? p?riod in 2023, owing
to factors such as rising consum?r confid?nc? and
low?ring l?nding rat?s. F?stivals hav? ?normous
cultural and ?motional significanc? in India and
many p?opl? opt to mak? big purchas?s, including
r?al ?stat?, during this p?riod.
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Th? industry will also profit this y?ar from th?
gov?rnm?nts campaign for affordabl? housing,
which has mad? hom? own?rship mor? acc?ssibl? to
a larg?r d?mographic. As a cons?qu?nc?, w? may
?xp?ct incr?as?d sal?s and a lift in g?n?ral mood
in th? Indian r?al ?stat? mark?t during th?
Christmas s?ason, p?rhaps signalling a wat?rsh?d
mom?nt for th? industry, he further added.
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Th? festive s?ason is a fantastic tim? for
inv?stors as w?ll as hom?own?rs. Th? r?al ?stat?
industry is w?ll-known for its ability to
g?n?rat? significant r?turns on inv?stm?nt. With
th? h?ight?n?d int?r?st in th? mark?t, many
p?opl? b?li?v? now is an ?xc?ll?nt mom?nt to
inv?st. Th? comm?rcial r?al ?stat? industry, in
particular, is s??ing a r?naissanc? as
?nt?rpris?s d?v?lop and ?stablish th?ms?lv?s in
India. This industry is providing opportuniti?s
for inv?stors to div?rsify th?ir portfolios whil?
also contributing to th? nations ?conomic
progr?ss.
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It has always b??n a major driv?r for th? Indian
r?al ?stat? busin?ss and 2023 will b? no
diff?r?nt. Ov?r th? last s?v?ral y?ars, th?
industry has ?xp?ri?nc?d various adjustm?nts in
r?spons? to shifting custom?r wants and tast?s.
With th? incr?as?d n??d for ch?ap housing and th?
urban landscap? ?xpanding, w? may ?xp?ct a
significant incr?as? in prop?rty sal?s throughout
th? holiday s?ason. To ?ntic? consum?rs,
d?v?lop?rs will most lik?ly focus on r?l?asing
n?w proj?cts and off?ring a vari?ty of paym?nt
options. Furth?rmor?, if th? ?conomy continu?s to
improv?, mor? inv?stors may s?? r?al ?stat? as a
r?alistic choic? for ass?t pr?s?rvation and
growth, said Suren Goyal, partner, RPS Group.
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Th? r?vival of d?mand, th? spotlight on
affordabl? housing, innovativ? financing options,
th? adoption of smart and sustainabl? living
practic?s, and incr?as?d inv?stm?nt opportuniti?s
all conv?rg? to cr?at? a thriving mark?t. This
f?stiv? s?ason, th? dr?am of owning a hom? or
making a savvy r?al ?stat? inv?stm?nt is within
r?ach. With th? coll?ctiv? ?fforts of d?v?lop?rs,
financial institutions, and th? gov?rnm?nt, th?
r?al ?stat? s?ctor is s?t to shin? brightly,
illuminating th? path to a prosp?rous and s?cur?
futur? for all.
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Ending
PRESENTATIONS ARE COMMUNICATION TOOLS THAT CAN
BE USED AS DEMONSTRATIONS
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