Why should you Invest in Real Estate in 2023

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.

WhatsApp
Facebook
Twitter
LinkedIn
Email

Work With Us

PLEASE FILL YOUR DETAILS BELOW

    What is 7 + 5 ?

    Job Description : IT Manager

    Ruchi Realty is a leading real estate company that is dedicated to providing exceptional services to its clients. We are currently seeking an experienced and highly skilled IT Manager to join our dynamic team. This role will be responsible for maintaining and overseeing our IT infrastructure, managing all technical IT-related operations, and providing support for various systems such as AWS and SAP.

    Responsibilities:

    • Manage and ensure the smooth operation of the company’s IT infrastructure, including networks, servers, and workstations.
    • Oversee the deployment and maintenance of AWS hosting, ensuring optimal performance and security.
    • Provide technical support and troubleshooting for issues related to systems, servers, and network infrastructure.
    • Collaborate with internal stakeholders to identify and implement IT strategies aligned with business objectives.
    • Take charge of the SAP system, ensuring its effectiveness and coordinating with relevant stakeholders for integration and support.
    • Plan, execute, and monitor IT projects, ensuring they are completed within budget and on schedule.
    • Conduct regular system audits to identify vulnerabilities and develop strategies to mitigate risks.
    • Stay updated with the latest trends and advancements in IT technology, providing recommendations for continuous improvement.
    • Manage and mentor IT staff, ensuring their professional development and fostering a collaborative work environment.
    Qualifications and Skills:

    • Bachelor’s degree in Computer Science, Information Technology Engineering, or a related field. MCA degree is also acceptable.
    • Proven experience in managing and maintaining IT infrastructure, preferably in the real estate industry.
    • Proficiency in AWS infrastructure, implementation, and management.
    • Strong knowledge of SAP systems, including setup, configuration, and support.
    • Familiarity with networking protocols, servers, and security systems.
    • Excellent problem-solving skills and the ability to prioritize tasks in a fast-paced environment.
    • Strong leadership and team management abilities.
    • Effective communication skills, with the ability to convey technical information to non-technical stakeholders.
    • Certifications in relevant IT fields would be an advantage.

    Join our team at Ruchi Realty and contribute to our mission of delivering exceptional customer service through robust IT infrastructure and support. Send in your application, including your resume and a brief cover letter highlighting your relevant experience and qualifications.