Real Estate in Resurgent Mode
Despite the severe global headwinds hitting the economy and leading to high inflation, the real estate sector, supported by the progressive government policies, has not only stood its ground, but has displayed remarkable growth. As the sector continues to make strides, it shows a lot of promise in 2023.
Vinod Behl
Photo courtesy: Parth Savani
The year 2022 can well be labelled as a year of great recovery and growth for real estate - both residential and commercial. Despite Covid and the Ukraine war disruptions, housing has shown remarkable buoyancy. While affordable housing has been a major gainer due to ‘Housing for All’ policy and massive push by the Pradhan Mantri Awas Yojana (PMAY), what’s more significant this year is that luxury real estate has also given good performance, especially with the rise of luxury vacation homes. The return of investors has aided the momentum generated by end-user demand.
Vinod Behl
Photo courtesy: Parth SavaniThe year 2022 can well be labelled as a year of great recovery and growth for real estate - both residential and commercial. Despite Covid and the Ukraine war disruptions, housing has shown remarkable buoyancy. While affordable housing has been a major gainer due to ‘Housing for All’ policy and massive push by the Pradhan Mantri Awas Yojana (PMAY), what’s more significant this year is that luxury real estate has also given good performance, especially with the rise of luxury vacation homes. The return of investors has aided the momentum generated by end-user demand.
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NBM&CW DECEMBER 2022
