Comment on JLL Report - Residential sales set to soar: Projected 260k units by end of 2023, highest since 2008; Anticipated 290k to 300k units in 2024 by Mr Akhil Saraf, Reloy
Comment on JLL Report by Mr Akhil Saraf, Founder & CEO of Reloy
The real estate industry has undergone a comprehensive transformation in recent years, encompassing regulatory changes and a shift in the mindset of both suppliers and consumers. Developers are increasingly adopting a customer-centric approach, focusing on meeting the specific needs and demands of homebuyers. This renewed focus has bolstered confidence among potential buyers, reaffirming real estate as a viable asset class.
Developers who align their offerings with the evolving preferences of homebuyers are experiencing positive feedback, and we anticipate this trend to persist. There is substantial demand in the real estate market, with individuals either looking to purchase their first home, upgrade their existing residence, or invest in second and holiday homes.
In the previous fiscal year, we facilitated property sales exceeding ?1,000 crore. We anticipate doubling this figure in the current fiscal, targeting property sales surpassing ?1,500 crore.
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