Interview with Pranav Ansal On property Market Outlook

Here are thoughts of Realty Developer Mr. Pranav Ansal of Ansal Properties and Infrastructure.

Most exciting real estate markets: Mr. Pranav Ansal believes that Gurgaon, Greater Noida and Kundli (on NH 1) in Delhi NCR, Lucknow and some select cities in Punjab including Mohali will be most exciting in terms of new launches and sales revenues in the next 12-month period.

Key segments expected to outperform: In the short to medium term, Mr Ansal expects residential segment and among residential mass segment which is expected to register the maximum growth.

Expectation on residential prices: Mr Pranav Ansal expects residential demand and prices to firm up further in the coming months. He has seen a good run up in prices in the NCR in recent months. He now expects prices in other key cities and tier 2 cities to catch up over the next 3 to 4 quarters.

We are also witnessing a trend of more and more people working/doing business in metros like Delhi, Mumbai, Bangalore, etc and hailing from cities like Lucknow, Mohali or Jaipur or other such cities want to acquire a residence, whether an apartment or an independent floor or a villa depending on their income levels, in their ‘native’ cities. This will be another growth driver for our residential projects in these cities. We also expect more investments by NRIs, with the improvement in economic situation in the US, UK and Canada which are the traditional strongholds of our company and countries like Australia and South Africa from where we are seeing a lot of interest of late.

The real estate regulator will be good for the industry in order to restore the reputation of the industry, which has been marred by the misdeeds of some of the smaller, fly-by-night operators in the industry. This will also help separate men from the boys and in the long run, lead to the much needed consolidation in the industry.