The pandemic has also pivoted the focus towards health, wellness, and security and the realization of the importance of owning a bome is also driving the demand for residential spaces among customers across locations.
The Indian real estate sector has registered phenomenal growth during July-September 2021 despite the pandemic and is confident of growing stronger during this festive season. The sector remains buoyant with the favorable economic and market sentiments propelling the demand for residential and commercial real estate in the months to come.
According to the industry report, H1 2021 saw a 67% jump in sales in the residential real estate sector. New launches have also picked up and many realtors are confident that the auspicious season will drive the sector to the new phase. “Unlike the previous years, this festive season is expected to see a paradigm shift in the psyche of the Indian buyer, who is more cautious, however, smarter than before and plans strategically before investing.
Thus, the eyes are laid on the real estate sector, which has seen a significant increase in residential sales despite spiraling COVID-19 cases and is expecting a jump in sales in the festive season. However, in contrast to the previous years of an impulse purchase, this year will be regulative to the pocket strings of the buyers.
This story is from the October 31, 2021 edition of The Sunday Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the October 31, 2021 edition of The Sunday Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
World Bank received USD 11 billion funds for new financial instruments
The World Bank has received endorsements of USD 11 billion for the new financial instruments aimed at boosting lending capacity and addressing shared global challenges.
Raptee's 1st EV bike in Chennai
In a significant milestone for the company and the EV industry, Raptee Energy, the Chennai-based innovative electric vehicle (EV) startup, has rolled out its first productionready motorcycle from its manufacturing plant, signalling the company’s transition from startup to a full-fledged EV brand.
EPFO adds 15.48 lakh net members during Feb 2024
Employees’ Provident Fund Organisation’s (EPFO) provisional payroll data highlighted the addition of 15.48 lakh net members in the month of February, 2024, according to a release issued by the Labour Ministry on Saturday.
COURT GRANTS BAIL TO YES BANK FOUNDER
A Mumbai Court has granted bail to Yes Bank founder Rana Kapoor in an alleged loan fraud case on Friday in Mumbai.
INDUSTRY HOPES FOR BETTER CHARGING INFRA
Tesla has been exploring the possibility of establishing a manufacturing plantin the country, in lieu of customs duty concessions.
FOREIGN INVESTORS EXIT INDIAN DEBT MARKET AMID GLOBAL UNCERTAINTY
JP Morgan emerging market index will see a1 weightage starting June 2024 and increasing by 1 every month to capat10 ceiling by April 2025.
Restoration of Indian economy since 2014 a lesson for Harvard'
The restoration of the Indian economy, especially banks since 2014 is actually a lesson for the Harvard Business School said finance minister Nirmala Sitharaman, while addressing the gathering at the Gujarat Chambers of Commerce and Industry (GCCI), in Ahmedabad on Saturday. The finance minister was speaking on the topic Vikshit Bharat 2047.
NEED FOR INDIA-BANGLADESH ECONOMIC COOPERATION DEAL: CUTS
if India needs exploring partnership opportunities to navigate the changing trade dynamics effectively.
Ambassador Eric Garcetti's conduct raises concerns in India
Garcetti has derogated the integrity of India’s democracy, while defending the free speech’ rights of a designated terrorist.
CLEVELAND TYAGARAJA FESTIVAL ENTHRALLS THOUSANDS
Prime MInister Narendra Modi hails Indian diaspora’s contribution to culture.
