Team Opulnz Abode – 12 May 2023 14:25 – Read Time: 2mins
According to the latest assessment, a total of 79,126 residential units were sold across various markets during this period. Mumbai emerged as the leading city with the highest sales volume, recording 20,300 units sold in Q1 2023, followed by NCR, Bengaluru, and Pune.
Several factors contribute to this trend:
Aspiration for Homeownership:
Owning a home is a long-term goal and a symbol of stability and security for many individuals and families. Despite the challenges, the desire to have a place of their own drives people to invest in real estate. One of the such aspirational address is
GODREJ CONNAUGHT ONE – CENTRAL DELHI
Favourable Interest Rates:
Although there has been a rise in interest rates, they are still relatively low compared to previous years. This makes borrowing for home loans more affordable, encouraging prospective buyers to take advantage of favourable lending conditions. Some of the projects are giving special schemes for interest rates post possession like
M3M CROWN – SECTOR 111 GURGAON
Attractive Payment Schemes:
Developers and financial institutions often offer flexible payment schemes, such as installment plans or attractive financing options, to ease the burden of purchasing a property. These schemes make it more feasible for buyers to make the required payments. Payment plans like 30:40:30 and 10:90 subvention plans are always favourable for the customers to pay as per their ease without loads of bank loans or no EMI till possession
SMARTWORLD ONE DXP – SECTOR 113 GURGAON
ELAN THE PRESIDENTIAL – SECTOR 106 GURGAON
Investment Potential:
Real estate is considered a long-term investment option with the potential for capital appreciation. Despite short-term fluctuations, property prices have historically shown an upward trend. Buyers view real estate as a tangible asset that can provide good returns over time. Upcoming projects of grade A brands are always beneficial to invest in pre-launch stage
L&T GOLF RESIDENCES – SECTOR 128 NOIDA
GODREJ LUXURY FLATS SECTOR 146 NOIDA
Market Confidence:
Despite the economic challenges, the real estate market has shown resilience and has adapted to changing dynamics. This instils confidence in buyers, assuring them of the long-term value and potential growth of their investment. DLF is one such brand sold and delivered millions of sq fts one such project offering is
DLF MIDTOWN – MOTINAGAR DELHI
Housing Demand:
The need for housing continues to be a fundamental requirement, and with urbanization and population growth, the demand for homes remains strong. Buyers recognize the importance of owning a home and see it as a necessity rather than a discretionary purchase. The demand for large luxury flats are on rise where customer wants all the amenities at one plate only with around 7000sq fts flats one such project is
GULSHAN MAJESTY – NOIDA SECTOR 128
Location Advantages:
Cities like Mumbai, NCR, Bengaluru, and Pune offer numerous employment opportunities, social infrastructure, and a desirable lifestyle. The availability of amenities, proximity to workplaces, and good connectivity make these cities attractive for homebuyers.
MAX ORCHARDS – NOIDA SETOR 128 NOIDA
CONCLUSION
While rising house prices and economic factors pose challenges, the underlying factors driving people to invest in homes are strong. The aspiration for homeownership, favourable interest rates, investment potential, and the fundamental need for housing continue to motivate individuals and families to buy properties, even in the face of adversity.
n this context, it becomes even more crucial for prospective buyers to seek guidance from trusted real estate consultants like Opulnz Abode. Our team of experts understands the market dynamics, tracks the trends, and provides tailored solutions that align with the unique needs and goals of each individual. By leveraging our knowledge and industry insights, Opulnz Abode helps buyers make informed decisions, ensuring they capitalize on the present advantage while mitigating potential risks.
