In an exclusive interview with Sanjeev Sinha, Mr LC Mittal, Director, Motia Group, shares his views on the latest surge in India’s residential real estate market and talks about the USP of their projects, especially in the Chandigarh Tricity area. Excerpts:
What are the key reasons for the latest surge in the residential real estate market?
A number of reasons have contributed to the recent boom in the residential real estate market. Demand has been boosted by historically-low mortgage rates, improved consumer confidence, and a growing preference for homeownership. Furthermore, the pandemic has shifted housing preferences, with more people looking for larger homes and properties in less densely populated regions.
Can you provide an overview of the Motia Group’s history and its presence in the real estate market?
We’ve built a solid reputation as a respected real estate developer with a strong presence in a variety of areas. Our dedication to quality, innovation, and a customer-focused approach has been the foundation of our success for last 20 years. We’ve made substantial contributions to the real estate scene throughout the years, particularly in Tier 2 cities like Chandigarh Tricity.
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How does the Motia Group differentiate itself from other real estate developers in the market, especially in the Tier 2 cities like Chandigarh Tricity? Could you highlight some of the notable achievements or projects of the Group in the Tier 2 markets?
What distinguishes the Motia Group is our consistent commitment to providing value to our clients. We’ve noticed a demand for well-planned, contemporary living spaces that respond to the needs of the urban
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