Housing demand to rise during festive season – Propfynd finds out!

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As we all eagerly await Diwali season this year to kick-off property buying and the festivities that follow, real estate industry is gearing up early this year. With the recent report by ANAROCK, it appears that there could be more demand than supply of residential units over the festive period in most cities across India. Real estate market is expected to gain momentum post Diwali with festive rush of buyers and new launches out of which most of them are already listed on Propfynd.

Property prices have been on an upward curve in the near term and a surge in interest rates is likely to accelerate that trend. Despite the rise in property prices, housing sales continue to remain strong across major cities. This trend may continue in the upcoming festive season as well, because:

Amid rising prices of construction materials, developers and property consultants remain hopeful that the festive season would push housing demand further. In view of the above facts, they expect an average 5% rise in prices across the top eight cities during Q2 2022.

The time is right and make your first move, happy home buying with Propfynd.

Article authored by: Team Propfynd

Date: 28th September, 2022

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