As the economy gets back to a new normal, realty sector is witnessing signs of revival , with buyers coming back to market.
With low oil prices, rising FDI inflows and high forex reserves , the economy is showing green shoots of revival And with that the realty is also on road to recovery. According to a recent property index report, following panic and stagnation for two months after lockdown, realty revival is visible.The report indicates robust underlying fundamentals on the demand side, with home buyers coming back , though in small numbers. The property search has touched pre-Covid levels with prices recovering by about 4-5 percent in May-June.
Says Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global Group and Chairman, Assocham National Council on Real Estate, Housing & Urban Development, ” Real estate growth largely depends on sound economy. On the back of a conducive policy environment, the economy is picking up pace. This economic push, together with attractive prices, low interest rates and good deals, will put realty on a recovery path.