How Will The Festive Season Elevate The Growth of Real Estate?
- By Supreme
- November 3, 2022
The festive season begins with Ganesh Chaturthi and culminates in Christmas. The arrival of the New Year too is considered an auspicious time to invest in residential property. The festive season, a much-anticipated time of the year when a host of homebuyers seek to purchase a space suitable as per their choices, gives the real estate sector a significant boost. The need for stability and security, which is emerging as a high priority in people’s minds, is also a factor that inspires residential real estate. A major boost to housing demand has been the increasing importance of owning a home, bolstered by consumer confidence in the macroeconomic scenario.
Varied Options in Residential Projects
There is a decent supply of ready-to-move-in and nearing-completion projects that will be popular during the holiday season. Soaring millennial home ownership, fueled by a desire to upgrade to larger, more luxurious spaces with better amenities, has also fueled a surge in housing demand. We are seeing an increase in the number of home buyers who are inclined to close deals during this auspicious season. End-user demand continues to drive the market, and we are already seeing a trend of more serious home buyers moving toward serious investments.
The festive season in the past years has been observed to strengthen the momentum of demand for residential properties owing to many factors. As the industry has become the most sought-after asset class, even millennials are now in the market for home ownership, which is a distinguishing feature of today’s housing demand. The real estate sector has an optimistic outlook for the future, thanks to improved consumer sentiment and market buoyancy. The expansion of the Indian real estate sector is well complemented by the expansion of the corporate environment and rising demand for better lifestyles and residences. Customers are also progressively taking the initiative to invest in their dream residences offered by developers, which correspond to their extravagant lifestyles.
The Rise in Registrations Post Pandemic
Another essential factor driving people into rapidly purchasing houses is because of their experiences during the Covid-19 pandemic and lockdown. It has caused people to reconsider their priorities, and thus owning a home has become more important because it represents comfort and security. The end-user-driven property market is experiencing a home-buying rally, and today, increased savings and market stability have encouraged home buyers to take the plunge. Furthermore, the proposed metro lines, coastal road and other well planned infrastructure projects are set to insinuate a catapulting rise in residential registrations as connectivity plays one of the primary roles in buyer behaviour concerning real estate. The festive season that arrived in recent months has demonstrated that home buyer optimism is at an all-time high, as customers understand their options and can make confident purchase decisions.
With the ongoing festive season until the new year, Supreme Universal offers one-of-a-kind projects that are curated to fit your requirements. Chembur is a prestigious landmark of Mumbai and is home to some of the most luxurious 2 bhk apartments in Chembur along with a host of spacious and opulent residences. Our legacy in Mumbai’s Chembur is proudly represented by our newest project and we take it a step further with Supreme Elenor!
Supreme Elenor, with a configuration of lavish 2 bhk flats in Chembur and 3 bhk in Chembur will be more than just another high-end residence in Chembur. It will be a one-of-a-kind symbol of good health. From elegant apartments to a fully-equipped gym, there’s something for everyone. From the soothing pool and yoga deck to the air conditioning in every home. Supreme Elenor- one of the most luxurious Chembur flats for sale offers the one-of-a-kind opportunity to live a life of luxury and good health in equal measure.
Supreme Elenor combines the best aspects of a perfectly relaxed life to create spaces where residents can effectively integrate a great lifestyle with exuberance.