Predictions for 2024: Residential sector to drive realty growth, says Pirojsha Godrej

New buyers of property are inclined to invest in high-quality residential projects that complement their lifestyle. The consolidation within the residential real estate domain has gained momentum in recent years, propelled by regulatory shifts such as demonetization, GST implementation, and RERA enforcement, along with the NBFC liquidity crisis causing supply-side challenges for numerous developers. Consequently, consumers are increasingly drawn to recognized and organized real estate entities in response to these industry dynamics.

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