Real Estate Sector Witnesses Upward Trend
According to the Confederation of Real Estate Developers' Associations of India (CREDAI), the real estate sector is experiencing a significant surge in both residential and commercial segments. A notable increase in enquiries has been observed in both sectors, subsequently leading to a rise in demand.
Key Drivers of Growth
Several factors contribute to this upward trend, with two major catalysts being:
- Affordable Housing Concept: The emphasis on affordable housing has made real estate more accessible, attracting a broader range of buyers.
- Reduction in Home Loan Rates: Lower home loan interest rates have increased purchasing power, making property investment more appealing to potential buyers.
Enhanced Investment Opportunities
Investors now have a more diverse range of choices and offers, further stimulating the market.
Upcoming Realty Expo
- Event Details:
- Duration: 2 days
- Starting Date: 15th of this month
- Featured Properties: 150
- Announcement by Mr. Raj Menda, President of CREDAI-Karnatak:
Highlighting the sector's growth, Mr. Menda noted a significant increase of 60% in March this year compared to December last year, underscoring the sector's robust recovery.