Real Estate prices to increase said, real estate developers and consultants

Surprisingly, India's real estate market is expected to observe expansion despite housing prices being anticipated to increase input expenses. In a webinar conducted by CII-Anarock on September 03, real estate developers and consultants stated they were taken aback seeing the revival of housing sales after the first and the second wave of COVID. Anarock Chairman Anuj Puri headed this event. 

However, in general, the housing market deflated during the pandemic. According to Vikas Oberoi, Oberoi Realty Chairman and Managing Director developers, big or small and listed or unlisted, who have better execution track records shall continue to do better. "I clearly see consolidation and growth," he said, adding that the consumption of real estate has started going up. He also said the prices would be driven by a rise in input costs and supply crunch. 

CMD M R Jaishankar, Brigade group, said that IT workers' incomes remained predominantly unmoved regardless of the pandemic. He observed that millennials have started to purchase homes to invest in solid assets such as real estate. 

Vipul Roongta, MD, and CEO of HDFC Capital Advisors Ltd stated the company has been financing affordable housing projects to support India's housing market.