June 15, 2022, New Delhi NCR:With real estate sector bouncing back across India, Andlay Estates, one of the leading real estate consultancy in India is targeting Rs 350 crore sales in the current fiscal year.
As the real estate sector across India is witnessing solid growth among luxury and mid-income housing and the Indian economy experiencing high GDP growth numbers, the sector is expected to perform as one of the top investments across asset classes.
Andlay Estates clocked high-end luxury sales of 85 units in the last fiscal and is expecting to close this fiscal with sales of around 175 units, with new growth coming from Noida apart from Gurgaon in the NCR region. It is targeting these sales along with its associates which are spread across Delhi NCR and Mumbai.
The company is looking to expand operations and hire resources in the marketing and sales department. Andlay is a real estate channel partner for top Indian developers and has a strict selection process to partner with only those developers who are fundamentally strong.
The current trend indicates that the Indian realty, especially premium housing projects,are looking at a double digit growth after recovering lost ground during several months of lockdown announced by the Govt. to stop the spread COVID 19.
“Luxury housing in the NCR region is looking at 2x growth in sales as there is huge demand for large luxurious houses with top amenities. These types of projects are limited in the whole NCR region and such projects by top developers are sold out in just a few days post launch. Going forward, lot of this demand is expected to be generated from the Noida as well,” Mr. Abhishiekh Andlay, founder, Andlay Estates said.
Recently, the Indian real estate sector has been witnessing a major interest from Private Equity investors indicating solid growth prospects in the sector which still remains an underserved market.
Also, the recent announcement by the Central govt. to cut duties on iron, steel input has given a relief to developers with some impact on cooling off of input costs.