Industry Leaders Predict Strong Real Estate Market Performance During Ganesh Chaturthi

Ganesh Chaturthi, a significant festival in Maharashtra, is particularly auspicious for real estate investments. The sector experiences a surge during this time, and many believe it’s a favourable moment to purchase a new property. Delhi-NCR, especially Gurugram, has witnessed rapid infrastructure development, making it a prime location for real estate investments. The Dwarka Expressway, a prominent micro-market, has seen a remarkable 79% price appreciation in the past five years, offering excellent investment opportunities this Ganesh Chaturthi season.

Industry leaders share their optimism about the investment potential in Delhi-NCR’s real estate market during this festive period.

Mohit Kalia, Vice President, Sales and Marketing, Raheja Developers, said, “As Ganesh Chaturthi approaches, buyers invest in residential properties, as they are attached to values and long-standing customs that associate this occasion with luck. Amid this festivity, the real estate market along the Dwarka Expressway responds strongly by offering project options with premium amenities that elevate buyers’ lifestyles and promise great returns. Developers also provide great offers that add even more value to buying residential properties. Thus, it is the best time to invest in properties along the expressway as the returns increase gradually as the area’s market strengthens.”

Sachin Gawri, Founder and CEO, RISE Infraventures, said, “The real estate market witnesses a great response, especially during the festive season, as buyers believe it is an opportune time to invest in homes or other real estate assets. The rates are low currently, and the returns climb gradually, offering profitable opportunities in Western India and move can be seen in Gurugram’s real estate market also.  As the city is already a hub for real estate projects, any investment in the sector is promising.”

Nandni Garg, Director, Rajdarbar Ventures, added, “As Delhi-NCR boasts a strong real estate market, developers come up with various offers for prospective buyers, adding to the allure of festivity. Recognizing that homebuyers are keen on new investments and purchases during the festive months, developers look forward to this time of the year to launch projects and sell out their existing inventory. Cities like Chandni Chowk encompass immense commercial value and bring organized commercial spaces, offering maximum ROI to investors or buyers, especially during the festive time when the streets witness massive footfall. Consequently, the area puts buyers in profitable positions looking at maximum ROI.”