Your search results

Real Estate in India has seen a boom due to the festive season

Posted by kapoor Infra on October 14, 2022
0
Real Estate in India has seen a boom due to the festive season

With the onset of festivals, the Real Estate in India sector has been flooded with buoyancy and the growth graph is expected to boost further.

According to a CBRE report, the second quarter of 2022 has been remarkable for Real Estate in India, with the residential segment registering record-high sales and the commercial sector maintaining the growth momentum.

The market sentiment in the Real Estate in India is already upbeat, and the coming festive quarter will propel the sector’s growth.

Considered an auspicious time for big investments, the festive season holds significant importance among new home buyers or property investors.

Residential sales momentum in 2022 remains strong as potential home buyers look for larger homes with modern amenities.

Real Estate in India. According to an industry report, residential unit sales in India reached a nine-year high of 158,705 units in the first half of the calendar year 2022 across the top eight cities.

Similarly, the commercial segment also witnessed strong traction, leading to positive sentiment in the market. A CBRE report shows that India’s commercial segment flourished in Q2 2022 with solid leasing activity growth.

The report further said that the growth in office supplies in H1 2022 reached 26.1 million sq ft, a 26% increase over the previous year, with smaller deals than this.

50,000 square feet covers about 84%. Further, according to CBRE, office and retail leasing witnessed triple-digit growth in the first half of the year 2022.

As commercial leasing is expected to reach new growth numbers, due to increased investment activity and brand expansion plans, the real estate in india is optimistic for a healthy growth quarter.

Similarly, the commercial real estate segment also witnessed strong traction, leading to positive sentiment in the market.

A CBRE report shows that India’s commercial segment flourished in Q2 2022 with solid leasing activity growth.

The report further said that the growth in office supplies in H1 2022 reached 26.1 million sq ft, a 26% increase over the previous year, with smaller deals than this. 50,000 square feet covers about 84%.

Further, according to CBRE, office and retail leasing witnessed triple-digit growth in the first half of 2022.

As commercial leasing is expected to reach new growth numbers, due to increased investment activity and brand expansion plans, the realty sector is optimistic for a healthy growth quarter.

Over the years, Delhi-NCR has developed as an ideal destination for real estate investment. The region is home to several multinationals and Fortune 500 companies.

Moreover, its solid infrastructure, top-notch amenities, and multicultural environment are significant attractions for investors and buyers. Moreover, the increasing demand for real estate properties adds value to the sector.

For example, Gurgaon is the real estate hub of Delhi-NCR. Growing business activities, better infrastructure, excellent connectivity, and increased job opportunities are the major factors that have helped Gurugram and its micro-markets to emerge as a hub of real estate development.

The presence of several industrial hubs at Neemrana, Manesar, Sohna Road, Bawal, and Udyog Vihar near New Gurgaon has created a demand for commercial space in Gurugram. Moreover, the growing demand for retail space has also led to healthy growth in the realty market of Gurugram.

Real Estate in India – Have a promising quarter ahead

The real estate market is currently in an optimistic position and there is increased and strong confidence among buyers and investors.

The festive season augurs well for the further development of this region. The booming real estate market is accelerating India’s economic growth and looking at the current upbeat market conditions, real estate players believe that the upcoming festive quarter will bring more excitement to the market.

Read more about our High Street Commercial Complex in Delhi

Compare Listings