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According to Shrivan Gupta, Vice President of City Square, real estate is one of the most progressive sectors in the Indian economy, despite the recent economic slowdown. Shravan Gupta company has taken advantage of this situation by launching several new projects in Gurugram with great success. The launch and growth helped Gurugram reach its tipping point as a venture capital backed city with one of the best growth rates in the country.<br>
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SHRAVAN GUPTA www.shravangupta.com
How has real estate changed in 2022 and its impact on the economy? www.shravangupta.com
Real estate is undergoing a complete overhaul. According to market experts, 2022 will be the path-breaking year for the housing and commercial sector. The demand for new houses with better ambiance has been on the rise and is expected to grow more in the coming months. www.shravangupta.com
New learning curve. www.shravangupta.com
Having been a witness to the sudden downfall in sales both in terms of housing, retail and commercial. This new resilience has made real estate the sector for any outcome. Real estate can now manage the curve better and are well prepared to handle any eventuality. Shravan Gupta feels real estate is projected to take a positive turn in the long run. www.shravangupta.com
A hike in price. www.shravangupta.com
Real estate is going through a phase where prices are bound to rise again. This can be attributed to outside factors like the rising cost of cement and other raw materials. It may also be attributed to a sudden surge in demand for new houses and bigger homes. Shravan Gupta feels this trend will continue till the end of 2022. www.shravangupta.com
Cheap home loans. www.shravangupta.com
The biggest selling point is the advent of real estate as cheap home loans. It has become much easier to buy homes due to the cheap home loan bonanza. Most banks are offering their customers home loans at as low as 7%. This makes for a profitable scenario and it is also the need of the hour. But in the long run, it may also lead to elevated pricing of newer home constructions. www.shravangupta.com
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