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PS PROJECTS-Luxury real estate industry about to take a leap in 2023

With spurring of urban development and increased income, the year 2023 will see a significant rise in the luxurious residential properties in Kolkata. Know more about the reasons responsible for the accelerated growth of residential properties in Kolkata in the year 2023.<br>

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PS PROJECTS-Luxury real estate industry about to take a leap in 2023

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  1. PS PROJECTS Luxury Real Estate Industry About to Take A Leap in 2023

  2. About PS GROUP • Trusted for over three decades with luxurious residential properties in kolkata and serving people with trust. • Real estate industry faced a setback due to the pandemic. • There was a gradual rise in real estate industry in 2022 and it is about to take a leap in the year 2023. • Urbanization , career mobility and sustained infrastructure will fuel the growth of the real estate industry in the future.

  3. INCOME IS DIRECTLY PROPORTIONAL TO INVESTMENT • Growth of real estate will hover in the range of 8-9%. • Repo and reverse repo rate reduction by Government led to liquidity injection and accelerated growth. • Leasing office spaces will see an increment growth. • Healthy economic outlook is responsible for the economic growth and income increase. • Increase in income backed by low home loan rates leads to more investment in housing properties.

  4. URBANISATION • Urbanisation has accelerated demand for both commercial and residential properties. • People are becoming more aware of the upsides of owning properties and are actively making investments for their future • Houses/Apartments priced between 50-75 lakhs have a larger market share in kolkata. • There is a 2% decrease in stamp duty. • The graph for real estate has potential for further upswings owing to the demand of the population and their desire to own houses/properties.

  5. SUSTAINED INFRASTRUCTURE • Sustained infrastructure measures will improve the real estate market. • Sustained infrastructure investments. • Increased connectivity. • Better job opportunities.

  6. COVID-19 IS INVERSELY PROPORTIONAL TO REAL ESTATE • Real estate market faced downfall in the year 2019-2020 due to pandemic. • The industry saw an upward trend starting from 2022. • People are now investing in real estate with their own personalised interiors and location. • Kolkata has notched up more revenue sales in flats in the first quarter of 2022

  7. Thank You

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