Real estate investment has gained significant traction among Indians in the post-Covid era, and this trend is expected to continue over the next five to seven years, according to Dhaval Ajmera, director at Ajmera Realty and Infra India Ltd. Speaking to NDTV Profit, Ajmera mentioned that this strong interest in real estate is likely to drive a 30% year-on-year increase for his company as it boasts a robust project pipeline and upcoming launches.
“I'm very sure that with the kind of launch pipelines, what we have in the projects, what we continue to grow, we are looking at 25% to 30% growth year on year,” he said.
The top executive also highlighted the rising popularity of commercial properties in the Indian market, saying that this demand will continue for the next five to seven years.
“Now with the long-term capital gain being almost equal for every asset class, real estate has become a preferential investment and asset class for people to invest in and get a better rental yield,” he said.
“So overall, I think it's been a positive move, and we see this continuing over the next five to seven years,” Ajmera added.
Not just commercial properties, the entire real estate market of India is moving positively, which reflects the economy being resilient despite headwinds like wars, the Ajmera Realty director explained.
“Developers have not dramatically increased prices, but they have marginally increased prices over time. And that is why there has been a good shift of demand versus supply, and we have seen good numbers coming all across from the entire industry,” he said.
The demand for properties as a whole will continue for around four years as the economy is positive, Ajmera noted.
“What I also see is this will be continued over the next three to four years' time. Overall, there has been a good demand. We have seen in our projects, whenever we've launched, we've done 50%, 70%, or 60% sales during the launch phases itself. So that shows the overall economy being good,” he said.
Ajmera did not foresee any ‘stagnation' hitting the market due to price increases, as they have been slow and steady.
“I don't think there will be a stagnation coming in. The demand will also continue to grow accordingly because people are personally also growing in that fashion. So I don't see that (stagnation) unless and until the jump is 20-30% year on year,” he noted.
Shares of Ajmera Realty and Infra India Ltd. was trading 0.84% lower at 1,012.70, as of 9:55 a.m. after opening lower. Meanwhile, the NSE Nifty 50 was trading 0.61% lower at 23,499.75.
Ajmera Realty Eyes Annual Growth Of 25–30% | Watch
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