Delhi-Mumbai Expressway Will Be A Game-changer For Realty Market In Sohna, Gurugram swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.
The Delhi-Dausa-Lalsot stretch of the much-awaited Delhi-Mumbai Expressway (NH-248A) will be inaugurated by Prime Minister Narendra Modi on Sunday, and real estate experts are of view that the project marks the beginning of a new chapter of .
The project has the potential to revitalise south Gurugram and the surrounding areas by driving economic activity and providing numerous benefits for all, they say.Real
New Delhi [India], December 30 (ANI/NewsVoir): The Indian realty sector performed exceptionally well in 2022 with the demand soaring high and registering record-breaking growth numbers
Realty Sector - 2022 Review and Growth Prospects in 2023 laosnews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from laosnews.net Daily Mail and Mail on Sunday newspapers.
New Delhi [India], October 20 (ANI/NewsVoir): India's real estate sector is witnessing momentous growth after a two-year slump. An industry report revealed that with economic activity in full swing, housing sales jumped two-fold across seven major cities in Q3 of 2022. The sector is likely to witness healthy growth in the fourth quarter as the festive season has already infused the positivity in the market further strengthening the sentiments. Let's look at what real estate developers are saying about the festive season and what they anticipate for the final quarter of 2022. "The festive quarter seems to be extremely good for the real estate developers. Irrespective of the change in repo rate by RBI, the sentiments of customers and investors in the residential sector are only becoming more aggressive. Certainly, there is a spike in the customers' demand for the luxury residential segment. Our recently launched 'M3M Capital' residential project in Sector 113, Gurugram, has also been receiving tremendous response and has recorded Rs. 1200 crore sales during Navratri itself," says Pankaj Bansal, Director, M3M India. To capitalise on the positive sentiments during festivals, developers roll out exciting offers and flexible payment plans for buyers and investors. "The festive season is an opportune time for homebuyers and is expected to see a marked uptick in inquiries and sales. We have an omnichannel approach where we are using both traditional and new-age mediums to put our vision across to potential homebuyers. We at Alpha Corp are gearing up to offer significant discounts and freebies to give homebuyers an added incentive and help convert enquiries to sales," says Santosh Agarwal, CFO and Executive Director, Alpha Corp. With economic activity picking up, the demand for commercial real estate in India is also skyrocketing. Besides, retail leasing in India grew by 166 per cent Y-o-Y, crossing 1.5 million square feet. "The festive season is considered an auspicious time to invest in property, and the sector witnesses a variety of lucrative deals and offers. Trehan Iris has also rolled out a special investment scheme for investors and buyers interested in investing in Iris Broadway Greno West. We have launched an exclusive investment scheme under which, the investment starts at Rs. 25 lakhs and gets a 12 per cent assured return from day one. The scheme has an 18-year lease guarantee. We are also giving an assured gift worth Rs. 25,000 on every booking, as a token of appreciation for the sale of each buyer/investor," says Aman Trehan, Executive Director, Trehan Iris. Because of the high cost of raw materials, property prices in India are showing an upward trend. Homebuyers are also aware of the rising home prices; thus, they want to grab the best deal that developers offer during the festivities before prices rise further. "Due to the constantly rising price of residential real estate, as well as the increasing demand for spacious homes, homebuyers understand the need to lock in the best deals as developers have come up with festive season sales and lucrative offers. The real estate scenario has strengthened in the past few years for all those developers who have a legacy of delivery and have launched products according to the market demand. The festive quarter will only bolster its momentum," says Ashok Singh Jaunapuria, MD and CEO, SS Group. Owing to the religious sentiments in India, it is believed that property investments made during auspicious occasions bring good fortune. "At the onset of the festive season with Navratras, the real estate market was hopeful of a cheerful festive quarter ahead as the market sentiments were soaring high and it continues to be in a buoyant space. Buyers and investors across the residential and commercial sectors are upbeat owing to the strengthened market sentiments. The festive season augurs well to further push the sector's growth. Given the current positivity and upbeat market conditions, real estate players believe this festive quarter is likely to witness new growth numbers," says Kaustubh Chandra, Manager, Marketing and Leasing, Brahma Group. Backed by the pent-up demand, the last quarter of 2022 is likely to end on a high note. "As people come together to celebrate the festivals this festive quarter, after two years of the pandemic, the housing market is already witnessing a surge in demand for more spacious, greener, and luxurious homes, with more buyers taking the plunge into home ownership. The real estate market will likely enjoy a successful quarter with things getting back on track after the pandemic and the festive spirit driving realty sales in full swing," says Vinay Wadhwa, General Manager - Sales, Vatika Limited. This story has been provided by NewsVoir. ANI will not be responsible in any way for the content in this article. (ANI/NewsVoir)
Gurugram (Haryana) [India], August 26 (ANI/NewsVoir): Gurugram has grown into a vibrant real estate hotspot over the years. Property markets in the city have been buoyed by demand for spacious homes, high-quality office space, and larger warehouses. With the growing trend of remote working, first-time buyers and homeowners are eyeing larger homes in Gurugram with modern amenities. In the age of hybrid work cultures and e-learning, people need more space for work and study, which drives up the demand for spacious homes and apartments in Gurugram. The realty market in Gurugram is on a growth trajectory with the demand reaching the pre-pandemic level. Consequently, investors' and buyers' activities have resumed in full force in the region. Santosh Agarwal, CFO, and Executive Director, Alpha Corp said, "Gurugram's real estate sector has witnessed massive changes over the past few years. Growing as a commercial- residential hub and a dream destination to invest in property, it has become the first choice of people to work and invest money in a property near to their workplace. The improvement in infrastructure like the broadening of NH-8, opening of Sohna elevated road, Golf Course Road, Dwarka Expressway, and operational rapid metro as well as plans of metro expansion, have proven to be beneficial for Gurugram." Furthermore, due to phased lockdowns and restrictions in movement, sales of luxury homes in Gurgaon grew steadily after the pandemic, as people realized the importance of owning a home with all the luxuries and comforts. Pankaj Bansal, Director - M3M India said, "Delhi is squeezing in terms of availability of residential as well as commercial space, and on the other side Gurugram has been progressively emerging as much sought-after destination because of its connectivity, amenities, luxury residential projects, and state-of-the-art retail space. A systematic highways and roads network plan in Haryana, particularly in Gurugram, is expected to further give way to congestion-free traffic, giving much-desired relief & confidence to investors and end-users. The momentum has already started with the recent opening of the 22 km six-lane Sohna Highway, which includes a 7 km elevated section. Once the 29 km Dwarka Expressway becomes operational, which is expected by 2023, it would reduce travel time to Delhi International Airport and other parts of Delhi NCR." Boasted with strong infrastructural development and world-class amenities, Gurugram continues to enjoy increased interest from investors and end-users. The city has some magnificent premium and luxury properties across the residential and commercial segments. Vinay Wadhwa, General Manager - Sales, Vatika Limited said, "Fast-growing corporations and start-ups are boosting the development of Gurugram. Its excellent connectivity to other cities, growing corporations, IT companies, and industries make it attractive for investors. Also, with Dwarka Expressway soon becoming operational, commute time to Delhi and the airport will be reduced. Likewise, KMP, SPR, Golf Course Road, the upcoming Delhi-Mumbai Expressway, and Rapid Metro will further make Gurugram an investment hotspot. Last but not least, infrastructural advancements in Gurugram and the increased demand for commercial properties have resulted in a thriving housing market in Gurugram, making it a popular choice for new home buyers in Delhi NCR." The demand for the commercial segment in Gurugram is also witnessing a surge with a growing number of investors and global brands seeking premium office space. Businesses intending to move their workforces back into offices and their expansion plans are fueling Gurugram's office space segment. Kaustubh Chandra, Manager, Marketing and Leasing, Brahma Group said, "Owing to various favourable factors, Gurugram has been a preferred choice for real estate investors and end-users. Despite the challenges imposed by the COVID-19 pandemic, the real estate sector quickly bounced back and regained its growth momentum. Gurugram's commercial realty market has been performing quite well for the last year; the growing mix of Grade A office and retail space has been successfully dragging the investors' and end-users' interest. Numerous domestic and international companies are headquartered in Gurugram. Additionally, it is home to several Fortune 500 companies and thousands of startups. The city is also India's second-largest technology hub. Furthermore, due to its business-friendly environment, enhanced infra-development, and availability of abundant office space, it has emerged as one of the top five Asian IT hubs. Besides, the city's connectivity to other parts of NCR augurs well in attracting investors and occupiers to the city." This Story has been provided by NewsVoir. ANI will not be responsible in any way for the content in this article. (ANI/NewsVoir)
Delhi NCR [India], July 29 (ANI/NewsVoir): The pandemic-infused trends have shifted the focus of homebuyers on comfort, wellness, and luxury. There has been a considerable change in the lifestyle patterns of buyers. They are not willing to compromise on any aspects of opulent living and are increasingly stepping ahead to invest in residential spaces in gated townships. Demand for gated communities/townships is on the rise as imminent buyers look for common facilities for a healthy lifestyle, with a healthy ecosystem. Additionally, the desire for large open spaces, greenery, security, modern amenities, and high returns on investments have turned the tide in favour of gated townships which are experiencing an elevated demand across various locations. The trend is gaining traction in Delhi-NCR which already has attained the reputation of the country's leading realty hotbed. The demand for safe and secured gated communities here is on a meteoric rise and excellent connectivity, vibrant infrastructure, job opportunities, and others are acting as catalysts behind it. "In metro cities, demand for strategically located condominiums and gated communities is on a constant rise, largely fuelled by factors like the necessity to live closer to the workplace, and a desire for an all-encompassed lifestyle and amenities within one's complex. The focus on health, safety and wellness measures implies that well-managed gated and self-sufficient condominiums have emerged as sought-after options for home buyers," says DLF spokesperson. Owing to the rising demand, the number of gated communities in the country is expected to grow to 225,000 from 130,000 over the next 10 years, predicts consulting firm Redseer. According to it, premium and luxury segments in gated communities have seen higher growth recently and it is expected that their contribution will go up to 20 per cent in the next five years. "Gated communities ensuring security, a greener environment, a sense of like-minded community, and the convenience of having everything under a roof continue to gain momentum from the home-buyers. The luxe amenities within an enclosed setting intensify the demand for this segment and it will continue to grow stronger in the coming quarters," says Santosh Agarwal, CFO and Executive Director, Alpha Corp. The homebuyers are searching for all-inclusive integrated townships for better access to business hubs and retail outlets. Also, demand for gated communities is rising as potential buyers are searching for large open spaces, modern amenities, and high-tech facilities in tony neighborhoods. "Consequently, the trend of purchasing luxurious apartments in high-rise towers in gated communities that are well-connected to central locations has become quite popular today. These communities offer ample living space with study rooms for students, workspaces for professionals, fitness areas for health enthusiasts, and entertainment zones designed to fit the luxurious lifestyles of the residents," says Vinay Wadhwa, General Manager - Sales, Vatika Limited Investing in gated communities gives a good return when the property is sold. It is expected that the number of households in gated communities will increase by 32 million by 2031. "One of the reasons for the high demand in this segment is the fact that home-buyers have realized the importance of a cocooned lifestyle providing more freedom and living in a well-planned community, especially with working from home that became necessity rather than choice over the past few years. Considering the added feature of safety and security, gated communities are gaining more traction from the buyers as there they enjoy a comparatively much better quality of life," says Ashok Singh Jaunapuria, MD & CEO, SS Group The fence-sitters too have realized the value of owning a home and they are actively making decisions, causing demand surges. The real estate developers are constantly launching new projects to tap this rising demand and gain a competitive edge in the promising market. Mukul Bansal, Director, Motia Group says, "Today, gated communities are considered the epitome of luxury living. The soaring demand for gated communities in metros as well as Tier II cities is prompting esteemed real estate developers to build high-end gated communities that align with today's market trends." Also, the HNIs, NRIs, corporate professionals, business leaders, startup founders, and millennials are constantly planning to invest in real estate assets and gated communities have emerged as their top choice. This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)