A recent analysis by JLL along with RoofandFloor called Homebuyer Preference Survey 2021: The COVID-19 Impact showed that about 90% of the customers wanted to obtain a home within the following three months. 80% want possessions in the 75 lakh rupees category. This shows that the business is going to get the revival it needs for various reasons.
The property developers are also getting ready to spin the roulette wheel. They are hoping to bring off the rejuvenation that the sector needs.
Professionals in this area anticipate an upswing in the sale of residential properties like villas, plots, apartments, independent floors, in the interim of the upcoming festive season.
A robust restoration in the country’s economic growth in the current fiscal year, remarkable low-interest rates on home loans, and worthwhile carnival offer by developers in addition to the financial institutions will be substantial factors that drive housing demand in 2021-22.
“The upcoming festival season is crucial for the real estate industry and we strongly believe that this could be a turning point for the housing sector that will likely perform exceedingly well over the next several quarters,” says Dhruv Agarwala, Group CEO, Housing.com, Makaan.com & Proptiger.com.
A lot of developers and realty consultants have also begun to come up with discount offers and payment schemes in order to allure potential home buyers. Housing.com set Mega Home Utsav 2021 in motion to revive their business. The event will take off on 1st October and ends on 31st October 2021. There will be an engagement of more than 150 builders exposing their properties from 12 Indian cities, viz. Pune, Mumbai, Bengaluru, Greater Noida, Ahmedabad, Hyderabad, Kolkata, Delhi, Gurugram, Ghaziabad, Faridabad, and Chennai.
The Gulshan Group has come up with some exciting promises like a wardrobe in each bedroom, a modular kitchen along with a chimney, in the bedroom apartments of its RTM Project Gulshan Botnia.
An opportunity to bring in ₹11,000 per month- this is the offering of the Bhumika Group. This is made possible by allowing the buyers to invest in their shops.
Sushma Group has come up with an interesting scheme in which they will pay the customers’ rent till they own the homes.
These measured would brighten real estate and enliven it.