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Housing.com Announces Seventh Annual Mega Home Utsav-2023, Set for October 1 – November 15; Exciting Offers Up for Grabs During Festive Season

New Delhi, September  30, 2023:  Housing.com, India’s leading online real estate platform, has officially announced its much-anticipated annual event, Mega Home Utsav-2023. Now in its seventh edition, the event promises an even greater scale of opportunities for potential homebuyers. Scheduled from October 1 to November 15, the event will feature participation from over 2800 esteemed developers and channel partners.

Taking advantage of the upcoming festive season, a period considered auspicious for high-value purchases including real estate, Housing.com aims to offer a wealth of deals and investment opportunities.

The event will be held across 25 cities in India, featuring contributions from sector stalwarts like Casagrande Builder Private Limited, Om Sree Builders & Developers, Investors Clinic, and DAC Developers, among others.

With a wide-reaching presence across all major cities in India, Housing.com has strategically selected locations that represent a mix of bustling metropolises and emerging Tier-2 cities. These include Noida, Ghaziabad, Delhi, Gurgaon, Faridabad, Kolkata, Ahmedabad, the tri-city region of Chandigarh, Jaipur, Lucknow, Vadodara, Bhubaneswar, Mumbai, Pune, Hyderabad, Nagpur, Nashik, Bhopal, Indore, Bangalore, Chennai, Coimbatore, Visakhapatnam, Goa, and Vijayawada.

The timing of the Mega Home Utsav-2023 is particularly opportune, as demand for residential real estate is at an all-time high. Factors such as stable housing loan rates and a positive policy atmosphere serve as additional enablers.

Housing.com recently collaborated with industry body NAREDCO to release a consumer sentiment report. The findings underscore real estate’s enduring appeal as a preferred investment class. This presents a unique opportunity to help prospective home buyers in their search for their dream homes. The platform will provide an extensive array of property choices, all conveniently accessible from the comfort of the home buyer’s residence. Housing.com’s esteemed developer partners have designed exclusive offers geared towards maximising benefits for home buyers. The Mega Home Utsav-2023 is not just an event; it’s a gateway to unparalleled opportunities within the real estate landscape,” said Mr. Amit Masaldan, Chief Revenue Officer, Housing.com.

To further amplify its reach, Housing.com will execute a high-decibel marketing campaign to promote Mega Home Utsav-2023 across both digital and traditional media, aiming for a reach of over 50 million individuals.

Digital Innovations in Realty

Hosted entirely online, the improved seventh edition of the Mega Home Utsav will offer features like 3D Virtual Booths and Digitours, allowing users to explore prospective homes in detail. “The combination of our visualisation products and content-based offerings will make this event an ideal choice for advertisers to showcase their properties,” added Mr. Masaldan.

Special Offers and Incentives

As part of the Mega Home Utsav-2023, Housing.com is extending a generous range of benefits to its customers, such as complete waivers on stamp duty and GST, up to Rs. 4 Lakh discount on bookings, and flexible payment schemes.

Additional incentives include the option to reserve a home by making a monthly payment of just Rs. 3,999, as well as no pre-EMI payments until possession.

Exclusive bonuses include free car parking, a couple’s ticket to Vietnam, and Amazon vouchers valued up to Rs. 2 lakh upon booking. Furthermore, homes will feature modern modular kitchens and semi-furnished interiors, along with special rental schemes and many more exciting offers.

Corporate Comm India (CCI Newswire)

The Property Times News Bureau

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RBI Holds Repo Rate at 5.25%; Realty Industry Sees Stability as Growth Driver The Reserve Bank of India’s (RBI) decision to maintain the repo rate at 5.25% and retain its ‘neutral’ monetary policy stance in the third bi-monthly Monetary Policy Committee (MPC) meeting of FY27 has elicited a measured response from the real estate industry. While the sector had hoped for a rate cut to further enhance home loan affordability and stimulate housing demand, industry leaders believe the RBI’s decision reflects a balanced approach amid elevated global uncertainties, volatile energy prices, and inflationary concerns. They noted that stable interest rates will continue to support buyer confidence, provide financial predictability for developers, and sustain the momentum witnessed in the residential real estate market. Mr. Kamlesh Thakur, President, NAREDCO Maharashtra “The RBI’s decision to maintain the repo rate at 5.25% while retaining a neutral stance reflects a prudent approach amid global uncertainties and evolving inflation dynamics. While the industry was hopeful of a rate cut, policy stability itself provides confidence to both developers and homebuyers. With borrowing costs remaining unchanged, housing demand is expected to continue its momentum, particularly in the mid-income and premium segments. The upward revision of India’s GDP growth projection to 6.7% underscores the resilience of the domestic economy. Going forward, as inflation moderates in line with the RBI’s expectations, there could be room for a more accommodative monetary policy. A future rate cut would further improve housing affordability, strengthen buyer sentiment, and accelerate investments across the residential and commercial real estate sectors.” Mr. Kaushal Agarwal, Chairman, The Guardians Real Estate Advisory “The RBI’s decision to keep the repo rate unchanged brings continuity and predictability to the market at a time when global geopolitical developments and inflationary pressures continue to create uncertainty. Stable interest rates ensure that home loan EMIs remain broadly unchanged, allowing prospective buyers to make informed purchasing decisions without concerns over rising borrowing costs. The Indian housing market has demonstrated remarkable resilience over the past few years, supported by strong end-user demand, rising incomes, and growing confidence in the economy. With GDP growth projected at 6.7%, we expect housing demand to remain healthy across key micro-markets.” Mr. Shilpin Tater, Managing Director, Superb Realty “The RBI’s decision to maintain the repo rate is a balanced move considering the current global economic environment and domestic inflation outlook. Policy stability is particularly important for the real estate sector as it enables developers to plan projects with greater financial certainty while allowing buyers to benefit from stable lending rates. Demand for quality residential & commercial developments, especially in well-connected urban locations, is expected to remain robust. We remain optimistic that supportive monetary measures in the future could further strengthen investment activity.” Ms. Shraddha Kedia-Agarwal, Director, Transcon Developers “The RBI has adopted a measured and responsible approach by maintaining the repo rate while closely monitoring inflationary trends and global developments. Although a rate cut would have enhanced affordability for homebuyers, the decision to maintain stability provides confidence to both consumers and developers in an uncertain macroeconomic environment. The premium and luxury housing segments continue to witness healthy demand driven by aspirational buyers and strong wealth creation, while the broader residential market remains supported by genuine end-user demand. Stable financing costs, coupled with India’s improving growth outlook, should sustain market momentum.” Mr. Dhruman Shah, Promoter, Ariha Group “The RBI’s decision to keep the repo rate unchanged reflects its focus on balancing growth with inflation management amidst ongoing global uncertainties. For the real estate sector, policy continuity is a positive outcome as it preserves financial stability and ensures that financing conditions remain predictable for both developers and homebuyers. Stable interest rates, combined with sustained infrastructure investments and urbanization, will continue to support residential sales.”

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