Torbit Festive Realty Monitor

Angad Bedi, Managing Director, BCD Group

Housing sales will get a good spike during the festivities. The residential segment is currently bullish with a good balance between demand and supply; hence builders are in a position to walk the extra mile in terms of giving great festive offers. We are offering assured rentals for homebuyers for 2 years at 7 percent. In the luxury segment, some developers may also give offers like discounts on premium amenities, retrofits, furnishings, and appliances to attract homebuyers. At the end of the day, this season is going to be a win-win for both buyers and builders.

Sachin Gawri, Founder & CEO, Rise Infraventures

This festive season bodes well for the residential real estate in view of  constantly increasing demand for homes due to high consumer sentiment amidst favorable economy and stable home loan interest rates, Especially the rise of luxury homes will provide a big push to home sales. Moreover, NRIs will be considerably driving festive sales as they get bang for their buck due to the strengthening dollar. We are successfully tapping NRIs through our Dubai and Singapore offices and the NRIs’ share in our overall housing sales has reached 20-30%.

Yasha Saraf,Co-Founder of ArisUnitern RE Solutions

With a lot of good projects launched across the country, builders will try to clock in maximum bookings with attractive offers. It will be an incentive to the already positive homebuying sentiment. Accordingly, marketers can enhance brand awareness, equity, and customer loyalty by rolling out focused campaigns to influence the potential buyers. Festive offers in the form of cashback, foreign trips, and special discounts will be the major highlights of this festive season.

Kishan Govindaraju, Director, Vaishnavi Group

As we leave behind reminiscences of the pandemic and move ahead, we are sure that the property sales will register new heights in the ongoing festive season.  We have seen an unprecedented urge among people to buy a home for the security of their family members and what better time for them to fulfil this desire than the festival time. Though our focus has been to provide our customers with high-quality homes at right prices, yet during the festive season, we are making the deal even sweeter with our D2D delights offer.

Dhruv Agarwala, Group CEO, Housing.com, Makaan.com & Proptiger.com

The existing high demand for residential real estate amidst stable economy and urge for homeownership is highly conducive to the continued growth of residential realty in the festive season. To capitalize on this opportunity and further stimulate buyer interest, several real estate developers have unveiled compelling offers. We are also actively preparing for our annual festive extravaganza -Home Utsav.

Mohit Jain, Managing Director, Krisumi Corporation

With people viewing houses not just as a necessity but as a lifestyle choice, an investment and a means to create assets for future generation, the demand for superior housing is anticipated to keep rising in the festive season and beyond.