+
RE developers report 50% increase in sales
Real Estate

RE developers report 50% increase in sales

Real estate developers have reported up to 50% increase in sales during the first half of festive season and expect the momentum to continue till Diwali despite the hike in interest rates.

Developers like DLF, M3M, Signature Global and Gaurs Group have reported an increase in interest of homebuyers.

M3M India’s luxury residential project ‘M3M Capital’ recorded Rs 12 billion in sales during the 10 days of Navratri.

“The Navratri festival has been extremely good for the real estate developers. Irrespective of change in repo rate by RBI, the sentiments of customers and investors in the residential sector are only becoming more aggressive. Certainly, there is a spike in the customers’ demand for luxury residential segment, falling under Rs 5 crore budget,” said Pankaj Bansal, Director, M3M India.

Gurugram in particular is attracting more young millennials and startups due to a growing highway and expressway network. “The festive season has only brought more energy to the sales, and as a real estate developer, we are confident that this momentum will continue further,” Bansal said.

Real estate sales, both in residential and commercial segments, were brisk and in tune with the all-round positive vibe.

See also:
Haryana plans to invest Rs 1 trillion in Gurugram Global City
YEIDA plans mixed land-use scheme for industries, housing


Real estate developers have reported up to 50% increase in sales during the first half of festive season and expect the momentum to continue till Diwali despite the hike in interest rates. Developers like DLF, M3M, Signature Global and Gaurs Group have reported an increase in interest of homebuyers. M3M India’s luxury residential project ‘M3M Capital’ recorded Rs 12 billion in sales during the 10 days of Navratri. “The Navratri festival has been extremely good for the real estate developers. Irrespective of change in repo rate by RBI, the sentiments of customers and investors in the residential sector are only becoming more aggressive. Certainly, there is a spike in the customers’ demand for luxury residential segment, falling under Rs 5 crore budget,” said Pankaj Bansal, Director, M3M India. Gurugram in particular is attracting more young millennials and startups due to a growing highway and expressway network. “The festive season has only brought more energy to the sales, and as a real estate developer, we are confident that this momentum will continue further,” Bansal said. Real estate sales, both in residential and commercial segments, were brisk and in tune with the all-round positive vibe. See also: Haryana plans to invest Rs 1 trillion in Gurugram Global CityYEIDA plans mixed land-use scheme for industries, housing

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code