September 22, 2023
Mr. Rakesh Reddy, Director, Construction and Architecture Magazine
Our Director Mr. Rakesh Reddy foresees a promising economic climate in India, with a projected 8% GDP growth. This outlook is expected to drive a notable surge in housing demand, attributed to factors such as increased GDP per capita, enhanced job market conditions, and urbanization. The real estate market’s resilience has been further fortified by substantial foreign investments, including contributions from international entities and NRIs, effectively mitigating potential domestic demand slumps.
He also notes the recent decision by the Reserve Bank of India to maintain the repo rates at a steady 6.5% for the third consecutive time. This strategic choice is anticipated to reinforce the housing market, offering stability to borrowers, particularly during the upcoming festive season. Premium housing segments, with prices exceeding Rs.1 crore, continue to witness sustained growth.
In light of the rising demand for housing and global disruptions in the supply chain, the predicted 5-10% increase in construction expenses for ongoing developments, potentially affects the overall housing costs, especially during the festive season. Additionally, there is a discernible shift toward suburban locales, primarily tier 2 and tier 3 cities, due to urban congestion, further bolstering economic growth and infrastructure development in these areas. The increasing emphasis on affordable housing, sustainable architectural practices, and the integration of health and wellness features, all of which are reshaping the real estate market. With favorable financing opportunities and regulatory support, the real estate sector is poised for substantial growth in the latter part of 2023.
Thank you for contacting us. We will get back to you
The content of this website is for general information purposes only. While enough care is taken by Aparna to ensure that information on the website is up to date, accurate and correct, readers are requested to contact the authorized sales representative before relying upon the same. In no event will Aparna offer any warranty on the information made available, or be liable for any loss or damage including without limitation, indirect or consequential loss or damage in connection with, the use of information in this website. By using or accessing the website, you agree with the Disclaimer without any qualification or limitation. Design, specifications, floor plans, brochures and interactive plans etc., are subject to change without prior notice. Computer generated images; walkthroughs and render images are the artist’s impression and are an indicative of the actual designs.
The contents of this website are meant to provide information to the readers of this website about ourselves including our various projects, various initiatives taken by us, CSR activities etc. They are only for general information and are subject to change. By no stretch of imagination, the information on the website shall be construed as an advertisement and/or invitation or offer for sale. To find out more about Projects/Developments, please call +91-40-23352708 or visit our Sales Office during working hours and get in touch with authorized Aparna Sales Representative. Please note that by sharing any of your contact details on the website, you are authorizing the Sales Response Team of Aparna (even if you are registered on the DND Registry) to provide information on our projects over Calls, SMS & Emails.