India’s real estate sector has registered a strong resilience against the pandemic in 2021 which hit the economy very badly in the last 1 year. Despite the problems, the real estate sector recovered very quickly to the new normal with technological support.
The realty sector has now transformed into a buyer’s market, there is an evolved sense of buying preferences, consumers are focusing on best investment decisions. Buyers also have the options to see and research
projects digitally before purchase.
The pandemic has given homeowners the time to think about the value of the space that they call their home. With increased time being spent at home, homebuyers are identifying projects with well-designed apartments
that give them that extra breathing room.
The Central bank is keeping the interest rates very low, residential demand is set to increase strongly in the coming quarters with buyers going in for loans at lower interest rates. The RBI’s firm assurance in maintaining low-interest rates has boosted demand in the market. The segment has remained the safest investment option and supportive
government policies with guaranteed higher and secured returns are attracting investors to keep market sentiment up.
The sector is most likely to see more people preferring properties developed by prominent brands than smaller players. Buyers are reviewing the history of the brands, their performance, the standards that they maintain, the quality they offer, and the schedule of delivery. The preference is towards financially stable developers with a good track record.
Innovation and digital transformation will drive the sector, and with new trends shaping up, the sector will enter a new growth phase soon. The real estate sector continues to prove, time and again, that the investment made on this asset will give the best results always. As the pandemic keeps shaking the strength of the Economy the segment will be the key pillar to strengthen India’s economic growth.