By Accommodation Times News Services
The festival season is on and we all look for good fortune during the season, it is believed that people buy or invest during this auspisious days. So do the industry thinks this festival will bring upliftment in the market?
Mr. Dominic Romell, Chairman, Romell Group– Festive season always plays an extremely vital role as far as purchase of property is concerned. This year appears to be a better financial year owing to the rate cut by RBI at the appropriate time. The interest rates have come down drastically. Buyers are looking for smart and stylish properties with a good value for their money. Also, western suburbs have not only been seen as a good residential area largely due to lot of offices based out of here and also new business hubs like Nesco,R-Tech and Oberoi a lot of people have started following the walk to work concept and hence we are seeing lot of migration from South Mumbai to western suburb as it is slowly but surely been seen as the next commercial hub of the city. The Indian Festive Season stands for prosperity. It’s a time of bonuses when employers along with their salaries have an additional income to put to use. Indians always believe in investing and believe in the process of investing during the festive season. We are looking at doubling our annual sales during this festive season and it surely is a positive sight.
Mr. Rahahul Gugaliya, CEO, Suyojit Group- The festival season has great importance in Indian culture. The period starting from Navratri is considered auspicious for investments in properties and other valuable assets and continues till Diwali. This festive season the real estate market has customized truly customer centric offers which will directly benefit buyers. There is a demand for properties which are centrally located and at the same time offer security, sustainability and quality of life. I am positive that this festive season will bring in reasons to celebrate for both developers and buyers. Indians across the world are investing in properties in India. Demand in tier two cities are increasing as they offer better living conditions and good returns on investments. According to me, buyers are looking at more simplified process of buying a house. They are looking for customized offers as per their requirements. People want luxury at affordable prices. A project which offers unique amenities, community living, and proximity to hospital, schools and great natural ambience is sure to attract buyers.
Mr. Atul Chordia, MD, Solitaire World– This festival season seems to be more vibrant for real estate market, whereas from last three years the real estate market was at slowdown not much investment was poured in the sector. But, since the start of 2015, the market sentiments have improved, this year around 60 per cent of investment can be seen in leasing of properties and rental properties. Small commercial sales are gaining pace and are showing good results, people have now started investing in commercial spaces also. Hence, rise can be seen and with lower interest rates we are hoping to attract more investment and sales in the festival season. This festival season, we are attracting retail investors and grabbing their attention towards the benefits of investing in retail properties. At Solitaire World for the festival season we are offering a golden chance to own a fully furnished fully serviced office at Pune’s largest commercial campus ‘Solitaire Business Hub’ at Yerwada C.B.D, at a special festive pre-launch price. We offer a fully furnished office at the same cost of a finished office.