Real estate developer Omaxe Ltd is set to increase prices this financial year and has planned to launch four new projects over the next two months, driven by rising demand, according to the company's chairman.
Increasing Prices
Mr. Rohtas Goel stated, "Demand might be robust. I will increase prices very soon, in single digits within this year."
New Project Investment
The firm is planning to invest fifteen billion rupees on the new projects, as stated by Mr. Goel. He expects these projects to generate revenues of 23 billion rupees over a period of 30 months.
Market Recovery
India's property market is witnessing a recovery from a low point hit earlier this year. Analysts predict that a significant portion of the demand will come from middle-income and affordable housing segments.