Outlook for 2022 By Prashant Solomon, MD, Chintels India & the Hon. Treasurer for CREDAI NCR

“The mood is upbeat across both the residential and commercial markets. 2022 will be a pivotal year for growth and technology transformations across the sector. Despite the volatility, 2021,  has been a pivotal year for the growth of Indian Real Estate as it paved the way for an evolved and resilient sector driven by increased adoption of disruptive models & new-age technologies. Policy Interventions and initiatives by the government like the lowering of repo rate, tax holidays for affordable housing projects, stamp duty concessions among others have helped the industry stay resilient. With covid induced disruptions slowly settling accompanied by increased technology adoption and the government’s positive stance towards the sector, the real estate market is expected to gain back its rhythm in 2022”

 About Chintels:-Chintels India Ltd. is advancing rapidly in establishing its dominance into the premier league of Developers in prime sectors like Sector 109,108 and 106, amidst the vast land bank acquired by the company over the past decade or so, are now being developed with several housing and commercial projects including an exclusive 168-acre township. Besides its focus on real estate development CIL is actively involved in developing, nurturing and correcting the ailing sectors of humanity and society. Nora Solomon Foundation is the philanthropic extension of CIL through which it conducts its corporate social responsibility. The Foundation is directing its efforts primarily towards the field of education, children with special needs, women and child welfare and healthcare.

For further information, please visit www.chintels.com.