Housing Demand Outlook Remains Positive, Says DLF Chairman Rajiv Singh
DLF Chairman Rajiv Singh remains bullish on India’s housing sector and expects strong sales momentum to sustain on the back of rapid urbanization, improved affordability and aspirational need. Singh also noted that the sector is witnessing a consolidation in demand towards credible and organized real estate developers. In a message to DLF’s shareholders in the annual report for 2022–23, Singh said the housing sector continues to experience strong demand. “The outlook for housing demand remains positive, with sustained momentum expected due to factors such as urbanization, improved affordability, favorable consumer sentiments and increasing aspirational need,” he said. Singh observed that the housing sector is witnessing a trend of consolidation, which is skewed towards the more organized and credible developers. “This trend is primarily influenced by heightened consumer confidence in these brands, substantial improvements in their financial positions and their ability to deliver hi