While we all have been through a year where Covid 19 grappled the world, the second the upcoming new year 2021 is going to be the year where every sector is expecting a windfall! While the real estate market will surely see a boon due to the enhanced demand for real estate assets. The marketing has developed, and developers are using new techniques to stand out to the inherent customers.
Anticipated expectations can also be linked to RBI’s economic growth projections. In the first quarter of the next fiscal year, RBI advised that growth could be 21.9% (mainly due to the base effect as the economy shrunk by 23.9% in Q1 2020-21) and by 6.5% in the first half of 2021-22. Indian economy is springing back very strongly, combined with the various government initiatives to boost demand such as low-interest rates and reduction of taxes is likely to stimulate investments into the Indian economy. With the economy growing, the market in retail and commercial is also expected to gain momentum. The investors may once again invest in commercial and retail assets due to the above-stated determinants and as other stable asset classes giving meagre returns. Also, we have seen a great response to our commercial projects in Gurugram & Delhi, i.e. Raheja Trinity etc.
The residential segment is moving gaga over the reduced home loan interest rates, which are about sub-7%. Since the time home-loan rates were subdued, we have been observing an increased number of queries; and are hopeful of the same trend to continue in 2021. Raheja Developers is distinguished as one of the most notable real estate developers in India since 1990, backed by Mr Navin Raheja, Managing Director and the Chairman, Raheja Developers.
The company has been delivering the assemblage of property assets in the form of Residential, Retail, Multiplex, Commercial, Hospitality, etc. The group so far has succeeded and delivered 26 million sq. ft. in residential property in Gurugram (Delhi/NCR)
Mainly providing the solutions in residential and commercial projects, including farmhouses, plotted development, and hotel properties, currently approx. 27 million sq. ft. is under execution in our on-going & plans, which are at various stages of concepts while the land bank count is fording over 400 acres. The company perseveres its high standards for quality construction, timely delivery, and customer satisfaction. The organization has always ventured to honour its promises, gaining a highly resonant reputation in the construction sector.
Due to the change in business strategy from mid-level housing to luxury housing, the organization has seen noteworthy change over the past two years under the administration of Mr Nayan Raheja, Executive Director, Raheja Developers. Raheja Developers has been acknowledged on several International and National platforms and praised with prestigious awards.
Hence, the coming year would be advantageous for all sections of residential such as theme-based projects, luxury, mid-segment as well as affordable. The year 2021 is going to be the year when real estate will surely see a blessing due to the heightened demand for real estate assets.
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