Festive Season to Boost Real Estate Sales in Delhi NCR
The real estate market in Delhi NCR is expected to witness a significant rise in sales during the festive season, driven by auspicious buyer sentiment, attractive offers, and infrastructure development.
Real EstateFestive SeasonDelhi NcrSalesAnarockGaurs GroupGulshan GroupOmaxe GroupMrg GroupReal Estate MumbaiOct 03, 2024
According to a report by ANAROCK, housing sales in the second quarter of 2024 reached 120,000 units, representing a year-on-year growth of 5%. Analysts anticipate that the upcoming festive season will play a crucial role in boosting these figures, as developers are expected to actively attract buyers during this favorable period.
The festive season has always been an important time for the real estate sector, with the market performing well and demand outpacing supply. While large-scale discounts may not be as prevalent this festive season, developers are likely to offer attractive incentives such as modular kitchens and home appliances to align with the celebratory spirit. Additionally, the real estate sector is well-positioned with a robust inventory of ready-to-move-in homes and flexible payment plans, catering to the evolving needs of homebuyers.
Cities like Faridabad, which offers a better value-for-money proposition, are expected to witness a rise in demand due to improved infrastructure and increased connectivity. The development of the Delhi-Mumbai Industrial Corridor (DMIC) will further boost real estate demand in Faridabad by 20-25%, making it a value-for-money proposition for both end-users and investors. The commercial real estate sector in Delhi NCR is also expected to benefit from the positive sentiment of the festive season, with areas such as Southern Peripheral Road and Dwarka Expressway emerging as key commercial hubs.
ANAROCK is a leading real estate consulting firm in India, providing research-based solutions to developers, investors, and homebuyers.
Gaurs Group is a prominent real estate developer in the NCR, with a focus on delivering high-quality residential and commercial projects.
Gulshan Group is a leading real estate developer in the NCR, with a focus on delivering luxurious and affordable housing solutions.
Omaxe Group is a leading real estate developer in the NCR, with a focus on delivering high-quality residential and commercial projects.
MRG Group is a prominent real estate developer in the NCR, with a focus on delivering luxurious and high-end housing solutions.
The Delhi-Mumbai Industrial Corridor (DMIC) is a major infrastructure project aimed at developing a high-tech industrial corridor between Delhi and Mumbai, passing through several states in northern India.
Frequently Asked Questions
What is the expected growth in real estate sales during the festive season in Delhi NCR?
According to a report by ANAROCK, housing sales in the second quarter of 2024 reached 120,000 units, representing a year-on-year growth of 5%.
What are the factors driving the growth in real estate sales during the festive season?
The growth in real estate sales during the festive season is driven by auspicious buyer sentiment, attractive offers, and infrastructure development.
Which cities in the NCR are expected to witness a rise in demand for real estate during the festive season?
Cities like Faridabad, which offers a better value-for-money proposition, are expected to witness a rise in demand due to improved infrastructure and increased connectivity.
What is the impact of the Delhi-Mumbai Industrial Corridor (DMIC) on the real estate market in Faridabad?
The development of the Delhi-Mumbai Industrial Corridor (DMIC) will further boost real estate demand in Faridabad by 20-25%, making it a value-for-money proposition for both end-users and investors.
Which segments of the real estate market are expected to benefit from the positive sentiment of the festive season?
The commercial real estate sector in Delhi NCR is also expected to benefit from the positive sentiment of the festive season, with areas such as Southern Peripheral Road and Dwarka Expressway emerging as key commercial hubs.
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