In this era of Corona crisis, is the sale of houses in the country really improving?

In a period when India’s real estate sector was facing recession due to demonetisation and new real estate law, in the midst of the Corona crisis in the year 2020, there have been many encouraging news for it.

If we talk about January-March 2021, according to the data of Enarok Property Consultants, the sales of houses in 7 big cities of the country have increased by 30% as compared to a year ago. Their number has reached about 60000, if you compare it with the figures of January-March 2019, then real estate sales are down 25 percent now ..

Amidst all these figures, it is interesting to know where this sector is going. Has the revival of the real estate sector begun? Industry experts say that the boom in real estate business at this time is actually the beginning of a long trend. This sector can see revival in the times ahead, but it should not be seen by comparing it with the good days of 2004. At that time, the interest rate was low, GDP growth was close to 8 percent and the first-time job youth were in a tremendous hurdle to buy a house. Experts in real estate business believe that there are signs of better long-term trends as the employees of Pharma and IT sector are working and their salary is increasing. It is mainly included in the people who buy houses in big cities of the country.

Such home buyers are trying to take advantage of reduced stamp duty in many areas of the country by depositing their year-long savings. Along with this, due to low interest rates, they have also got enough help to buy a house. If we talk about houses worth less than ₹ 40 lakhs in the metros of the country, then the trend of their sales is expected to improve.

Buying property in Gurgaon becomes expensive, circle rate goes up by 90%

Buying a property in Gurgaon has become expensive. The city administration has decided to increase the circle rate to 90 percent in some posh locality of the city. The Gurgaon administration has taken this step at a time when the real estate sector is still recovering from the shock of Corona.

Circle rates have been increased from Rs 20,000 per sq ft to Rs 25,000 per sq ft in DLF Kameliyaz, Magnolias and Aralias. These are some of the most expensive residential houses in the country.

At the same time, in Carlton and Crest of DLF, the circle rate has been increased from Rs 8,000 per sq ft to Rs 15,0000 and Rs 12,000 respectively.

The Revenue Department in its order said, “The revised circle rate has come into effect from 8 April. The new circle rate will be effective on whatever registry will be available from Thursday.

Circle Rate 5,000 for Group Housing in Sector 15, 27, 28, 30, 31, 32A, 39, 40, 41, 42, 43, 45, 46, 50, 51, 52, 53, 54, 55, 56 and 57 From Rs. Per sq. Ft. Has increased to Rs. 7,000 per sq. Ft.

At the same time, for flats and plots in group housing societies in licensed colonies in sectors 58, 59, 60, 61, 62, 63 and 63A ..

Circle rates have also increased for Labernanum, Unitech Worldspa, Parsvnath Exotica, The Varandas, Palm Springs, Exotica, Park Place, Bellaire, Vipul Belmont, Central Park and Princeton. In these, the circuit rate has been increased from Rs 8,0000 per sq ft to Rs 9,000 per sq ft.

Since the circle rate for builder floor in licensed colonies has been increased from Rs 5,500 per sq ft to Rs 6,500 per sq ft. Therefore, it will also have an impact on the independent houses in the city.

Home sales may touch 2019 levels if epidemic is under control: CREDAI

The sale of houses, which fell 40-50 per cent in 7-8 major cities due to the epidemic last year, may touch the level of 2019 again this year. The only condition is that complete lockdown is not applicable to curb the second wave of Kovid-19. Credai, the leading organization of realty companies, gave this information.

Addressing a video press conference, National President of CREDAI Harshvardhan Patodia said that housing sales have increased during the January-March quarter of 2021. It is expected that this trend will continue in the next nine months.

He expressed concern over the second major wave of the Kovid-19 pandemic. Said that it will take time to assess its impact. “We are worried about the second wave of the Kovid-19 epidemic,” said Patodia, who took charge of the president of CREDAI from April 1 this year.

Asking about the scenario for the current year, considering the new wave of Corona virus across the country, he said that according to Knight Frank India data, there has been a 44 per cent increase in the sale of houses in the January-March quarter.

He said that the sale should return to the level of 2019 again. Provided that the epidemic is under control and economic activities are not completely stopped, as was seen during April-May last year.

According to Knight Frank India, residential property sales fell 37 per cent to 1,54,534 units in 2020 in eight cities as compared to 2,45,861 units in the previous year.

He said that the sale should return to the level of 2019 again. Provided that the epidemic is under control and economic activities are not completely stopped, as was seen during April-May last year.

According to Knight Frank India, residential property sales fell 37 per cent to 1,54,534 units in 2020 in eight cities as compared to 2,45,861 units in the previous year.

Leave a Reply

Your email address will not be published. Required fields are marked *

Newsletter

Get in touch with us and we will inform you about promotions
Opening Time

Mon – Fri: 8AM – 10PM

Sat: 9AM – 8PM

Sun: Closed

We Work All The Holidays

Email Us

1666 Godhra Road Near Petrol Pump, DHD,GUJ,IN

Copyright © 2021 – mamtarealestate – All rights reserved.

Login

Register

terms & conditions