Ravi developers talk about the increase in realty sales this Akshaya Tritiya and festive season
he realty industry is likely to have an increase in sales this festive season as this period is considered auspicious for real estate purchases. Ravi developers, one of the leading developers in the realty industry point out that the festival Akshay Tritiya brings about a positive outlook and boosts the realty industry. It is prominent for the developers in Maharashtra as it is the time when they gear up for increasing property buying activity in the real estate market.
Gaurav Shah, director marketing and sales, Ravi developers group points out the reason for increase in the investments in realty sector stating that, “There is stability in prices over the last few quarters. The stability in the market has resulted in buyers coming forward this festive season to purchase their dream homes”
Focusing on the new launches by the developers in realty sector Shah further added that, “This was mainly due to an economic slowdown and the need to clear the backlog but this change now will definitely encourage more people to come and invest in real estate and there is more on the supply side as well, with so many new launches.”
Hiral Sheth, director marketing and sales, Sheth Creators highlights the reasons for increase in realty sales this festive season stating that, “The Union Budget has sought to build a strong foundation for the growth of the housing sector across the length and breadth of country. A lot of buyers prefer to be fence-sitters and linger on auspicious occasion to make new investment in realty. There is definitely a splurge in the number of buyers, who want to have the satisfaction of at least getting the possession of their dream homes on this day. Real estate demand is expected to elate radically and is going to be a win-win situation for both, developers as well as consumers. This festivity will surely bring a new thrust into the real estate market. “