Bengaluru Realty Leaders Share Optimistic View for the Future at the SELL.DO – CEO Summit
SELL.DO CEO Summit – Bengaluru organized by Realty+ Masterclass today Oct 12, 2021 had the CEOs of the top realty firms of the city talk about the latest trends in real estate development of the city, the changing consumer preferences and the future outlook for the Bengaluru real estate.
The topic – “Bengaluru Realty poised for Transformation & Growth” could not have been timelier as the real estate is witnessing recovery and is expecting a revival this festive season.
The discussion was moderated by seasoned marketer – Vikram Kotnis, Executive Chairman & MD, Sell.Do. He was of the view that the Bengaluru market had been more stable than many other Indian cities due to more professionally organized realty players and the high trust factor of the customers.
Abhishek Kapoor – Executive Director & CEO, Puravankara Ltd shared his bullish sentiments about the upcoming festival time. “We have almost entirely sold our RTM inventory and are now launching new projects. The price increase of our projects has also been received positively by the market and we are receiving valuable leads and are expecting good sales bookings in coming months.”
Ashwinder R Singh, CEO Residential, Bhartiya City concurred, “We have seen rising interest in luxury housing and Leela Residences have seen great demand. However volumes and pricing will remain key factors going forward. Millennial buyers want value for money, one of the reasons our Nikoo homes have been sold out and we are now launching residential project outside Bhartiya City to cater to the demand.”
Srinivasan Subramanian – CEO – SNN Builders expressed that mixed use townships are now preferred by homebuyers and like rise of secondary business districts, we will see more residential complexes with retail built-in.”
Rajendra Joshi – CEO – Residential Business – Brigade Group shared that suburbs are gaining popularity as they can provide budget friendly bigger homes. In terms of connectivity he said, “Developers have always led the infrastructure development of the region and not the other way round. Once real estate developments start coming up we have seen the infrastructure and connectivity of that place growing.”
S Baaskaran, Group CEO, Ozone Group added that digitization will drive the realty market. “We have moved ahead of the critical period of being hit by demonetization, RERA and GST and more recently Covid. The coming years are going to be good for Bengaluru realty as there are many first time homebuyers entering the property market,” he said.
The summit concluded with real estate developers forecasting record sales booking in the Oct- Dec quarter and advised potential buyers that this is the right time to buy as the property prices as well as the home loan interest rates are likely to increase in near future.
Watch the full Discussion at https://youtu.be/T7MZRcrxwMo