Trends and Challenges in India’s Real Estate Landscape of 2023 by Rohit Gera, Managing Director, Gera Developments
Pune…December 29, 2023….Reflecting on the performance of the real estate sector in the year 2023, Mr. Rohit Gera, Managing Director, Gera Developments, (pls add company tag line), shared his views, “Following a stellar 2023 fueled by affordability and a preference for larger homes, India's residential real estate market shows continued promise for 2024. However, pockets of vulnerability emerge from potential price hikes and oversupply in specific markets.
The current boom rests on a foundation of increased affordability. Years of stagnant prices coupled with rising salaries have empowered buyers, leading to a surge in demand, particularly for larger apartments. This trend is further amplified by government initiatives like PMAY, aimed at bolstering the housing sector f...









