Mr Harsh Trehan, Managing Director, Trehan Group
The real estate sector went through a torrid time since 2013-14, but the year 2022 turned out to be a watershed year for the real estate sector. All the segments of the sector - luxury, mid-segment as well as affordable housing witnessed a surge in demand.
There was a significant rise in demand for independent floors and plots, among the home buyers, both in metropolitan cities and smaller towns. The momentum in the real estate sector is likely to continue in the new year on the back of overall economic recovery, pay hikes and improvement in business sentiments.
Mr. Pradeep Aggarwal, Founder and Chairman, Signature Global
During 2022, the real estate witnessed a sharp recovery amid a surge in demand from end users. While all the segments of the sector reaped benefits of the surge in demand, it is the affordable and mid-segment which stood out. Reasonable pricing, lower interest rates and an abundance of offerings prompted end-users to book their dream homes and as a result, 2022 turned out to be one of the best years. The situation is likely to remain similar even in 2023, particularly for affordable and mid-segment housing.
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