Real Estate sector expect encouraging period as Festival days are around the corner



As the festival season is on, the latest reduction in home loan interest rates by SBI will help the sector gain buyers. The prices are already subdued, and buyers will be able to save a little more money. Additionally, the bank will not charge a processing fee and has removed the distinction between salaried and non-salaried borrowers. Developers are also doing their part by coming with offers to help the buyers enjoy the festive season by booking or buying a real estate asset. With the start of Dussehra and Diwali, the festival season has brought in a flood of positive sentiment into the real estate sector.

According to a recent report, in April-June 2021, the market has already picked up pace with around a 74% rise in new launches and 45% demand in less than Rs 45 lakh bracket; the reduction in interest rates will attract affordable and mid-segment buyers more. Talking about the market sentiment, a growth of 80% in traffic on Housing.com was witnessed, indicating the increasing buyers’ interest in real estate assets.

The demand for workspaces in homes, functional areas, and dedicated space for study and exercise, etc has exceeded the supply in the whole Delhi NCR market will continue to dominate the market. This festive season is expected to register voluminous end user and investor activity which is backed by favourable market conditions for investment and signs are very clear with sales seeing tremendous spike post June 2021.

Housing remains the safest investment option, conducive government policies, lucrative offers with high and secure returns by real estate developers to keep the market sentiment buoyed throughout 2021. Signature Global is offering a 20gm gold on booking in Signature Global City 81, 92; in Signature Global City 37D, the Group is offering Rs 51000 cashback, and it is giving a modular kitchen in Signature Global Park, Sector 36, South Gurugram.

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