Residential Segment Leads Real Estate Recovery in India
The Indian real estate market's road to recovery is being paved by the residential segment, contrary to popular developer claims that end-users are driving sales. Instead, investors are back in force, seizing opportunities before prices climb higher.
Investor Sentiment on the Upswing
Prior to the current upswing, many investors had distanced themselves from the residential real estate market following last year's downturn. However, the recent influx of affordable launches in the Rs 20-40 lakh price bracket has injected new life into the market. This strategic move by developers to focus on mid-income housing has stirred activity, attracting investors eager to capitalize on promising returns.
Anticipated Profit Booking this Diwali
Interestingly, some of these investors are already looking to book profits during the Diwali season, potentially signaling a more sustained positive trend in investor sentiment. As investors perceive this as a green light for a stable market future, the residential segment is poised for further growth.