The company is looking forward to launching at least 5.3 msf by the end of FY24 comprising about 5,000 units. The company sees strong growth in the affordable segment, plus the standard growth in demand in all the mid-market and luxury segments.
While the metro line will open doors to real estate investments, experts say capital appreciation in prime areas will be slow in the coming years. However, rentals will shoot up considerably.
Apartment rents have shot through the roof in Bengaluru, and product designer Atin Bose’s landlord had hiked rent by 60%. With landlords looking to recoup revenue lost during COVID-19, rentals are set to surge further.