Why should you Invest in Real Estate in 2024

Growth Ruchi Realty

Sources say that the year 2023-2028 will see a growth of 9.2%. It shows that the Indian real estate market is again gaining momentum after the languid stroke of the pandemic.

The pandemic did slow down the real estate market, but the emergence of startups and businesses has fueled the Tier 2/3 cities with even better real estate investment opportunities. The awareness of investing in real estate for a secure future is attracting lots of investment opportunities. People realize it is equally important to put money in plots as apartments.

The Indian real estate market is immune to the vulnerability of market fluctuations. The real estate scenario in Tier 2 cities like Indore is proof. Indore is transforming into a hub for real estate development. Some prime reasons to are –

  • Pravasi Bharatiya Diwas (PBD) and the Global Investors Summit (GIS-2023) are attracting more investment opportunities.
  • Emerging Grounds for Start-ups
  • Increasing investment opportunities

Ruchi Realty aims at providing high-quality living spaces with multiple plot investment projects. The strategic location of Ruchi plots with lush green surroundings offers a luxurious lifestyle away from the chaos of city life.

5 Reasons to Invest in Real Estate in 2023

There are several reasons to invest in real estate today. However, here are the top 5 reasons why you should invest in the growing real estate market of Indore-

1. Growth of Tier 2/3 cities
2. Government initiatives
3. Positive infra investment
4. Market reversal period for real estate
5. Increased interest in plot investment

1. Growth of Tier 2/3 cities

The demand for living spaces in Tier 2/3 cities like Indore and Jaipur is rising. Millennials looking to own a place also prefer putting their money in a city like Indore. The obvious reason is the availability of the same resources at a lower cost compared to the metro cities.

As a result, the demand for plots in Indore is increasing. Companies like Ruchi Realty have come up with projects like Ruchi Lifescapes, Oscar Pride, and Saatvik Vihar. These townships offer premium land pieces to build your dream abode.

2. Government Initiatives

The government’s focus on key policy initiatives such as “Housing for All” and the Pradhan Mantri Awas Yojana has been accompanied by the development and construction of large-scale infrastructure projects such as highways, new airports, and metros. These efforts are expected to boost both the quantity and quality of real estate properties. Interestingly, the growth of the real estate sector is accelerating in Tier 2 and Tier 3 markets, offering significant returns on investment for investors.

3. Positive Infra Investment

As densely populated cities become increasingly crowded, many potential buyers are exploring Tier 2 cities like Indore and Jaipur, as attractive alternatives. These regions are quickly emerging as real estate hotspots, with a thriving plotting market. In the upcoming fiscal year of 2023-24, Indore will offer a diverse range of investment opportunities in both residential and commercial sectors.

Real estate projects like Ruchi Lifescapes, Oscar Pride, and Saatvik Vihar by Ruchi Realty opened gates for affordable yet one-of-a-kind plot investment opportunities.

4. Market reversal period for real estate

2022 proved to be a remarkably prosperous year for the real estate industry, particularly for residential and retail segments, which successfully bounced back from the COVID-induced lows and posted robust year-on-year growth. The domestic demand for real estate remained steadfast, playing a pivotal role in propelling the sector’s upward trend. The upward trend is to survive in 2023 with an inclination toward plots.

5. Increased Interest in Plots

Plots provide more freedom to build your dream house. You can design your place from scratch with a surety about the neighbourhood and adjoining amenities. Due to the restricted availability of land or plots, they hold more value than flats and have a higher appreciation rate.

Ruchi Realty is offering affordable luxurious plots in the prime locations of Indore.

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    Job Title: Vice President/Technical Head
    Location: Kolkata
    Gender: Male (as specified)
    Term: Permanent
    Reports To: President
    Assisted By: Project Managers and Technical Staff
    Reviewer’s Position: Managing Director
    Salary (CTC): ₹As per Company norms
    ______________
    Purpose of the Job
    The Vice President will be responsible for overseeing multiple construction projects, driving technical excellence, ensuring quality, controlling costs, and aligning execution strategies with organizational goals. This role demands seasoned leadership, strategic planning, and hands-on project management skills to ensure timely and cost-effective delivery of high-quality developments.
    ______________
    Key Responsibilities
    1. Strategic & Technical Leadership
    • Define and implement technical strategies for project execution and delivery.
    • Establish and promote a culture of quality, innovation, and engineering excellence.
    • Lead technical planning efforts in alignment with organizational goals.
    2. Project Management & Execution
    • Oversee the planning, scheduling, and execution of multiple projects across various stages.
    • Monitor day-to-day progress and ensure alignment with project timelines and budgets.
    • Solve technical issues and ensure seamless project execution.
    3. Team Leadership & Development
    • Lead, motivate, and mentor project teams, including project managers and technical staff.
    • Provide training, coaching, and performance evaluations to team members.
    • Delegate tasks efficiently and evaluate team performance.
    4. Quality Assurance & Compliance
    • Ensure adherence to quality standards, safety protocols, and regulatory compliances.
    • Create standardized procedures for project execution and review their effectiveness.
    5. Financial Oversight
    • Develop budgets and manage project costs during execution.
    • Monitor billing, estimation, quantity surveying, and ensure cost control across all projects.
    6. Stakeholder & Vendor Management
    • Coordinate with contractors, vendors, and consultants for smooth project progress.
    • Manage contracts, including negotiation of rates, terms, compliance monitoring, and dispute resolution.
    • Oversee the work and deployment of Project Management Consultants (PMC).
    ______________
    Desired Skills & Competencies
    • Strong technical expertise in civil engineering and construction.
    • Proven project management skills with the ability to oversee multiple large-scale projects.
    • Capacity to lead and develop teams and initiatives.
    • Excellent communication, negotiation, and stakeholder relationship management.
    • Strong problem-solving and decision-making abilities.
    • Focused on quality assurance, compliance, and cost control.
    • Ability to set goals and ensure their achievement through structured planning.
    ______________
    Qualifications
    • Education: Bachelor’s Degree in Civil Engineering (B.E.)
    • Experience: Minimum 20 years in the construction and real estate industry, with experience in high-value residential and commercial projects.
    ______________