quotes of industry experts (developers) on the ANAROCK report highlighting that Housing Sales Rise by 14% in Q1’23

Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd

The housing sector is experiencing strong sales due to increased affordability over the years. We anticipate closing this fiscal year with the highest number of housing units sold, since our inception. Despite a rise in home loan interest rates, there has been minimal impact on demand nationwide. We anticipate that the demand in the housing sector will continue for at least a few more years.

Ashwani Kumar, Pyramid Infratech

“The residential segment is in high spirits. With the government’s focus on housing and infrastructure development, the real estate sector is poised for growth for self-use and investment purposes. However, the price hike of 8% is also a slight concern. Even though it won’t impact much of the future housing sales, the steady increase in input cost is a matter of concern,

Nayan Raheja, Raheja Developers

“While the data released pertains to the top 7 cities, it is pertinent to note that the Delhi NCR region is a significant contributor to the real estate market in India. The Delhi NCR region is one of the country’s most dynamic real estate markets. The demand for luxury properties has been on the rise, and we have seen a significant increase in sales in Q1 2023

Rajjath Goel ,Managing Director, MRG Group

“We have seen a surge in demand for housing in the Delhi NCR region. Post-pandemic, the demand for housing all across the segment has been high. Even though the premium and luxury segments have picked pace, an unmet need remains, especially in the affordable segment. Continuous repo rate hike by RBI is also a concern. However, the sentiment at present is positive, and we expect it to continue well into the future.”

Rajesh K. Saraf, Managing Director Axiom Landbase

Talking specifically about Gurugram, the city, contrary to the trend in the major seven cities, has witnessed good results in sales in Q1 of FY2023. Most of the realty activities are happening in the city’s suburbs. Riding high on new connectivity and infrastructural development, places in the vicinity of Extension Road and SPR are witnessing a positive buyer response.