Prop Tiger Report : Views of Real Estate Developers Anant Raj Limited & Krisumi Corporation
Mr Mohit Jain, Managing Director, Krisumi Corporation
The robust sales growth observed in the housing sector, particularly in the high-end and luxury segments, underscores the enduring demand for quality residences that provide desired amenities and prime locations for homebuyers.
As homebuyers increasingly seek properties that offer state-of-the-art facilities and a superior quality of life, developers who cater to these evolving demands stand to benefit significantly. The willingness of homebuyers to pay a premium for such prestigious housing projects reflects their recognition of the value proposition presented by these offerings.
Besides that, the surge in demand for upscale residences is indicative of a broader societal trend towards prioritizing comfort, convenience, and lifestyle enhancement. In response to this evolving landscape, developers are leveraging innovative designs, cutting-edge technologies, and premium services to create residential developments that exceed traditional expectations.
Mr. Aman Sarin, Director & Chief Executive Officer, Anant Raj Limited
The Housing Sector has maintained its upward trajectory in 2024 especially in luxury & ultra-luxury segment, building upon the success of the previous years. This continued growth can be attributed to several key factors, including the stability of Interest rates, a favorable economic environment, and the rapid expansion of Infrastructure, particularly in major urban centers like the National Capital Region (NCR) and the Mumbai Metropolitan Region (MMR).
Anantraj has seen a superb presales in its high end township located in Sector-63A, Golf Course Extension Road, Gurugram including in our recent launch of ultra-luxury High Rise Group Housing project called “The Estate Residences”. We plan to launch multiple projects in this category over next 12-18 months.
Given these favorable economic condition, supply scenario of luxury & ultra-luxury housing, we anticipate that the housing sector will continue to thrive, with strong demand persisting in the foreseeable future, however, developers with excellent track records. This positive outlook reflects the resilience and potential of the real estate market, highlighting opportunities for Investors, Developers and homebuyers alike.
Also read : Residential Property Sales Soar to Rs 1.11 Lakh Crore in Q1 2024: PropTiger – Report