The festival season is crucial for the 000 estate sector, and it’s strongly believed that the housing sector will perform exceedingly overflow the following several quarters. In residential reality, the thrill around this festive season seems more intense this year.
And why not! Consistent with Housing.com’s IRIS index for September 2021, the web property search volume has surpassed the historical peak of September 2020.
The expansion momentum of high-intent buyer activity has continued to remain above-100 mark sequentially since the last three months (July-September 2021), suggesting that the residential land sector has bounced back quicker post the second wave than the primary.
Corroborating with the uptick within the IRIS index, Housing.com & NAREDCO’s recent survey on consumer sentiment outlook for the approaching two quarters also suggests that homebuyers have an interest in resuming search activity. Financial institutions together with developers are proving to be the key drivers of housing demand.
With housing prices remaining stable over the previous couple of years, it’s a wonderful opportunity for both end-user customers and investors to enter the market and buy residential properties.
The festival season is crucial for the 000 estate sector, and it’s strongly believed that the housing sector will perform exceedingly overrun the following several quarter’s thanks to the increased housing affordability and therefore the positive sentiment vis a vis the residential property market.
The anticipation that sales will increase during the festival season can be attributed to the fact that, following the COVID-19 first wave, people have realized the importance of owning all of these has led to a V-Shaped recovery of the Indian real estate industry from May 2020 onwards.
To meet the anticipated rise in demand over the festival season, plenty of builders have to include varied offers across the country, including some great events just like. India and also the online realty portal have collaborated with over 1,500+ channel partners.
Builders from major realty markets are going to be participating in the festival, presenting their projects, and offering discounts and special offers to the attendees. In addition, technological adoption within the land sector has achieved unprecedented heights since the onset of the pandemic.