It’s boom time!

The industry is energised with renewed optimism. The gloom and darkness of depression seems lifted away at the blaze of change happening this Deepavali. The festival of lights has brought with it many reasons to celebrate and most of all, the realty industry is heaving a sigh of relief as the graphs have started rising again. After an extremely parched period when real estate reeled under the effects of a cash crunch, layoffs, pictures of economic doom and negative sentiments, what comes a bright signal of hope, is the manner in which the industry seems to be picking up. It is a buyers market still and the Chennai realty industry only finds it a reason to celebrate. Krishna Ramkumar collects some voices of the industry…

"The industry has revived and the sentiments have improved. The Diwali bookings are very encouraging. Right now there are many realistic projects with good value for money in the years to come, making for an interesting period of growth. I wish the readers of Times Property a happy and safe Diwali,"
Prakash Challa
Chairman, SSPDL Pvt Ltd President - Confederation of Real Estate Developers Associations India (CREDAI), Tamil Nadu

"In this festival season things are looking better and people are showing interest. We are seeing people this positive after two years. Hope this Diwali brings with it a lot of good changes and makes life easier for all of us!"
C Subba Reddy
Managing Director, Ceebros Builders Pvt Ltd

"Things are in an upward swing and the market is reviving. People are in the mood to buy and real estate is looking for what is to come. Even according to a recent report in Economic Times, almost 50 large companies are showing better performance this quarter which will directly impact real estate."

Sandeep Mehta
Managing Director, Jain Constructions

"Deepavali is a festival of lights and this year it marks the end of the dark phase of economic slowdown and signals the beginning of a vibrant economy with a bright future. With the general mood being good due to a zooming stock market, normal monsoon and a stable government, it is the right time to take the right pick."
P Suresh
Managing Director, L&T Arun Excello Realty Pvt Ltd

"This is the right time to buy a home, for Goddess Lakshmi to enter. There are a lot of choices and prices are reasonable. You should look out to buy space as it is the most ideal time. Diwali is auspicious too for making an investment. The recession is gone, and the consolidation phase over - the first quarter of next year will see a peak growth. The economy is looking good - there is going to be boom time again."
Suresh Jain,
Managing Director, Vijayshanthi Builders

Source: TOI Chennai

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