Construction Week: Mr. Mayank Ruia on What Real Estate Honchos Predict for 2023: Part II - MAIA Estates

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Construction Week: Mr. Mayank Ruia on what Real Estate honchos predict for 2023 – Part II


Mayank Ruia, CEO & Founder of MAIA Estates

The real estate segment is set to grow in the coming years, making it one of the most lucrative spaces to invest in currently. With the hybrid work model becoming the new norm and with the after-effects of the pandemic, the demand in the housing market has shifted towards gated communities, larger open spaces & world-class amenities. A recent study observed an increasing preference towards 3BHK and above configurations across cities including Bengaluru.

Another trend to watch out for is the rapid digitization in the real estate segment, with seasoned investors looking at ease & convenience while shopping for their next asset. Upgraded virtual tours and walkthroughs, 3D modeling, 3D staging, and real-time online construction updates are the norm, making it that much easier for buyers to make a decision. Digitization is only going to pick up the pace, making it favorable for developers, landlords, buyers & sellers.

Growth is booming in tier 2 & tier 3 markets, where development is rampant and demand is soaring for upscale homes. Tier 1 cities have seen steady growth YoY since the pandemic. People are demanding spaces that fit the new way of life, where home is no longer just a place to rest after a long day of work but a sanctuary where you can live complete and wholesome lives. We understand this desire to be self-sufficient, with all of life’s conveniences at your doorstep. We take pride in our offering in terms of amenities, open spaces, quality of construction, focus on longevity using modern technology, innovation & timeless materials, sustainability & overall well-being of people & the planet. When the offering is this irresistible, we have realized that the luxury market is not often affected by a mere price tag. The aim is to show people value beyond just four walls, but in a complete lifestyle, making the MAIA way of life truly priceless.

India is one of the fastest-growing nations in the world. This pace comes with a high demand for development. We believe the private & public sectors need to work together to ensure, well-planned, neat, futuristic yet eco-forward cities are built to support the influx of immigrants from smaller towns and villages and the rapid urbanization of our country. Government agencies use land banking to plan for long-term civic design or to fuel economic development. Municipalities usually hold ownership of land to be used for new roads, public transport, hospitals, schools, parks, or for economic or residential development efforts.

Read this article on Construction Week


Posted on

January 10, 2023