There has been a slowdown in the real estate mestatearket for a long time. Earlier, due to the pandemic, the demand for a big house has increased among those who had to face budget constraints. One of the major reasons for this is more savings, lower home loan rates as well as the improvement in the price of homes. Due to these reasons, the trend of people has started showing towards buying a big house or property. According to a report by PropEquity, the inventory level in the top seven cities has reached a decade low, indicating an increase in demand.
Since work from home (WFH) has become common for many sectors.
In such a situation, the demand for the house is also increasing rapidly. At the same time, due to the improvement in the prices of some real estate markets in the country, this is the best time to buy property for your own business. According to estimates, the prices of the real estate market in some cities have come down by up to 30%, giving people the option of ready-to-move and under construction houses.
Due to the pandemic, people’s expenses have come down significantly. People’s household savings have increased which they are ready to invest in real estate and the stock market. A data shows that the Nifty Realty Index has already overtaken the Nifty 50 Index with a jump of 26% since the beginning of this year. During this time there was a jump of 15% in Nifty 50. Realty stocks have given more than 100% returns, which shows the suppressed demand of the realty sector.
Buyers are once again turning to the real estate market. Builders should hand over the house to the customers on time without compromising on the quality of the house. Along with this, like the last few years, do not let the mess between demand and supply.
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