“The year 2022 has been a challenging year for the economy.The real estate industry grew in terms of absorption and new launches. Improving infrastructure and rental growth and institutional capital have been the additional key drivers.
The sector is projected to grow consistently in the long run. We feel that real estate industry is moving beyond cyclical headwinds — i.e., rising interest rates, increasing raw material costs and uncertainties caused by global political scenario.
We expect demand to stay robust, particularly in the housing segment, specially in the ready-to-move-in or soon-to-be-ready projects. The capital value of apartments will rise owing to the increase in the input costs of key materials.
However, sales have still been resilient and the industry has also seen strong flows of FDI in the sector and we firmly believe the real estate industry would continue to see steady growth over the next many years.”
