Ramesh Nair, CEO India and managing director, market development, Asia, Colliers, says: “During 2022, developers across the spectrum saw increased enquiries led by a continued inclination towards home ownership since the pandemic. The survey reveals that developers remain optimistic about the market. About 43 per cent of the developers feel that residential demand would remain stable in 2023. Homebuyers remain enthused about purchasing homes, despite rising interest rates . Developers, too, are focusing on launching projects that are aligned as per the needs of the homebuyers, and are also formulating strategies to complete their pending projects and bring in demand-led supply.”