Real estate industry expects a positive festive season, surge in sales
In India, the festive season is the time of heightened spirits and collective celebration, marked by joyous occasions initiating from Ganesh Chaturthi and culminating with the grandeur of Diwali. It is a period traditionally considered auspicious for embarking on new ventures.
Investing in real estate during this time transcends mere financial decision-making; it is a proactive stride towards securing one’s future while embracing the spirit of prosperity.
Commenting on the same, Vivek Singhal, CEO, Smartworld Developers, says, “The real estate industry is poised for a notable surge in activity during the much-anticipated festive season in 2023. Throughout the year, the residential property market has demonstrated commendable resilience, with a discernible inclination towards premium to luxury homes with modern amenities. The National Capital Region (NCR), and notably Gurugram, widely recognized as the Millennium City, has consistently spearheaded this growth trajectory. As the festive season arrives, realty landscape is expected to flourish due to its appealing prospects for discerning homebuyers and seasoned investors alike.”
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Anarock’s Consumer Sentiment Survey for the first half of 2023 reveals a noteworthy shift, with real estate emerging as the preferred choice for investors, with 59 percent of homebuyers committed to mid-range and premium homes priced between Rs 45 lakh and Rs 1.5 crore.
Sharing his insights, Shashank Vashishtha, Executive Director, eXp Realty India, says, “With expectations of this festive period extending through to the year-end, a notable surge in property sales and a reduction in unsold inventories are on the horizon. The
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