New Delhi [India], October 23 (ANI): As the festive season approaches, India's real estate market is experiencing a significant surge, propelled by a combination of large-scale infrastructure projects, buyer-friendly incentives, and an increasing appetite for premium properties. This upward momentum is not only transforming the housing sector but also driving growth in industries that support real estate development, such as electrical solutions and home decor. Also Read | Ian Healy Opposes David Warner Coming out of Retirement To Open Batting for Australia in Border-Gavaskar Trophy 2024-25.
The market's festive boost is evident in the rising property prices and increased homebuying activity, with demand for both luxury and under-construction properties reaching new highs. Hitesh Uppal, Head of Finance, Magicbricks, said, "India's real estate market is undergoing a significant transformation, driven by extensive infrastructure projects and rising buyer interest. Homebuying activity has surged, with property prices increasing by 20 per cent compared to last year, signalling strong demand for both premium and under-construction properties.
" Also Read | E Coli Outbreak in US: 49 Illnesses Reported After E Coli Outbreak Linked to McDonald's Burgers. He added, "Developers are responding with festive offers, flexible payment plans, and exclusive incentives, attracting a diverse range of buyers across the luxury and affordable housing segments. This festive season presents a key opp.