Real estate
There is good news for home buyers preparing to buy a house. According to the report of Property Research firm Enerock, the demand for property will remain in 2025 but the price will not be seen as 2024. According to the data released from ENROK, the sales of homes have declined by 6% in the last quarter as compared to the previous year, which has come down from 65,625 to 61,900. While the supply of units increased from 36,735 of 2023 to 44% to 53,000 in 2024. The report also said that the average price of the property in 2023 was around 5,800 per sq ft, which reached 7,560 per sq ft by the end of 2024. Therefore, the market expert of ENROK says that the price of property in 2024 will not be seen in 2025! Other reasons for this may lead to a continuous increase in prices, increasing cost of construction and stability of long -term interest rates.
Real estate market runs on demand and supply
According to CREDAI Western UP Secretary Dinesh Gupta, “Real estate market runs on a bicycle of demand and supply. This ups and downs are not new to the trend sector of stability. This often happens when the rate of property increases continuously, then both the buyer and the builder adopt the policy of weight and watch after some time that there is some stability in the market and accordingly they decide their next step. ” Avnish Mishra, CEO of Renox Group, believes that the demand for the new project will remain in 2025 as their rates will be controlled compared to the ready -to -move, will offer good and flexible offers so that home buyers do not hit the buyers of rent and EMI. People would like to take home in a new location and concept project for themselves apart from the big society and the old location. ”
There is no shortage in Dimang for good developers
Eros Group director Avnish Sood said that there is no shortage of demand for good real estate developers in the market as their track record is getting better than before. The market has always been positive for promoters because they believe in stability in property rates that help keep the market stable. According to Himanshu Garg, director of RG Group, “The old projects have started running due to positive and collaborative policies, registry has started and new towers and phase are being launched by the promoter. This is sure to increase the supply and in comparison demand has also increased and it is a good sign that leads to control of prices. ”
Connectivity increased due to operation of rapid rail
According to Pankaj Kumar Jain, director of KW Group, “Ghaziabad is going to emerge as the choice of home buyers in 2025. We are hopeful that the cost of property will remain stable and demand will increase with the increase in the operation of rapid rail and the creation of new housing destinations in Ghaziabad ”. The report of the property market research firm Proptiger is also shocking about the demand for demand as the sales in NCR during the last quarter of 2024 have increased from 6,528 units to 9,808 units in the same period last year, which shows an increase of about 50%. .
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