Possessions: The new driving force of Indian realty

Eros blogThe year 2017 turned out to be one where the Indian realty witnessed a lot of facelift and a major part of it being in the form of possessions. This year has witnessed the trend of real estate shifting from project launches to possessions and to such an extent that the total project launches in the year fell by almost 40% which is a big number. The current trend of the market is such where the success of any real estate developer is measured in the terms of the possessions they have offered to their buyers till date. The year also saw the concentrated efforts of the various state governments and concerned development authorities towards enabling developers to deliver projects to their rightful owners.

Eros Group is synonymous with real estate and hospitality across the span of NCR. The Group had offered possession of 1768 units for the phase – 1 & 2 of its project Eros Sampoornam in Greater Noida West after the OC was received for the 21 towers housing the aforementioned units. Work on another 432 units in the project is taking place at a rapid pace, and the possession for the same will be announced soon too.

Possession has been the driving force for 2017 and it will be the same for 2018 as well. With better possession rate 2018 will bring joy and cheers to all the home buyers.

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