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DHANTERAS AN IDEAL TIME TO BUY REAL ESTATE

Sachin Bhandari, Executive Director and CEO, VTP Realty speaks on the relevance of Dhanteras for the real estate sector.

BY Realty Plus
Published - Monday, 06 Nov, 2023
DHANTERAS AN IDEAL TIME TO BUY REAL ESTATE

Historically, the auspicious day of Dhanteras has presented an ideal opportunity for investment, whether in gold or real estate. People choose this day of Dhanteras as the time to make decisions about acquiring a new home.

This Dhanteras, we anticipate a similar level of enthusiasm and uptick for real estate purchases as we had observed last year. Considering year-on-year growth, we are expecting a 15 to 20% increase in bookings this year. This growth encompasses all segments, including luxury and mid-segment properties.

Specific to Pune, we've observed a remarkable uptick in the luxury segment, which has not seen these levels of sales before. Pune typically has a strong mid-segment and premium segment market, but what sets the current market environment apart is the growing interest in luxury real estate.

There's a significant focus on purchasing high-end homes with numerous amenities, marking a shift from previous years. We believe that the market is in for a fantastic and prosperous Dhanteras this year.

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