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Real Estate Company - Srijan Realty

19th August 2021

How The Residential Real Estate Demand Bounces Back In India

Due to the first and second waves of Covid 19, we have seen huge economic damage, especially in April and May 2021. The residential real estate was going through an enormous loss, and gradually, signs of betterment were shown by the end of June. The price range all over India has risen by 1.7% approximately.

The growth of real estate companies is dependent on the corporate ambience and continuous demand for space to set up offices. It is seen both in the urban and rural areas of India.

In India, there was a national lockdown announced in March 2020. Every company has announced work from home. Hence, it increased the demand of 3bhk amongst the buyers. The main possible reason was people were looking for extra room to facilitate their office work.

The Reasons Behind The Bounce Back Of Indian Real Estate

Few reports state that in regards to quarter 1 of 2020, the sales of residential properties increased in quarter 1 of 2021. There was a hike of 90% in the volumes, whereas, in 2020, it was around 84%. A noticeable change of 5% increase is noticed in the real estate industry in Delhi.

According to the renowned economist, a report has been prepared. In that report clearly states the sustainable growth of sales is like a sign of demand for housing properties. Therefore, the buyers are gaining back their confidence in investing in real estate.

In this context, it is essential to know that the real estate company owners are taking the opportunity and providing low-income home loan rates, brilliant payment plans, and even reduction in stamp duty.

Another reason is the closure of lockdown and the introduction of a vaccine. Therefore, more buyers are showing interest in buying the properties. Moreover, the space stick of India is also expanding by 10-15% from the present 36 million sq ft in the next three years.

The presentation of the micro markets all around in Delhi NCR, Noida, Gurgaon have promoted a double-digit increment in expanding property appreciation. The rates are 11% to 13% growth.

2021 is the year where people have adopted the new trend of working from home. The remote working system has increased the demand for houses at affordable prices. We have seen the demand for house properties ranging between 40-50 lakhs in major 2-3 cities.

The Government's Role

The Indian government, along with the different State Governments, is taking many initiatives for developing the real estate company. Primarily the smart city concept has encouraged people a lot for investing in houses or apartments. The government is indulging in developing almost 100 smart cities. Hence, there will be more opportunities and growth for this sector.

Conclusion

The Securities and Exchange Board Of India have approved the platform for Real estate investment trust (REIT). This will again call for more investors to invest in the real estate Indian market. In the coming years, the opportunity will create a profit of 124-125 trillion in the Indian market.

For further news on real estate companies and investment in Kolkata, you can browse through our prestigious projects at https://srijanrealty.com/.

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Disclaimer

Thank you for visiting Srijan Realty website.

We are currently in the process of revising our website in accordance with the West Bengal Housing Industry Regulatory Act (WBHIRA), 2017 and the Rules made under.

Until our website is duly revised and updated, none of the images, material, stock photography, projections, details, descriptions and other information that are currently available and/or displayed on the website, should be deemed to be or constitute advertisements, solicitations, marketing, offer for sale, invitation to offer, invitation to acquire, including within the purview of the WBHIRA.

You are therefore requested to directly verify all details and aspects of any proposed booking/acquisition of units/premises, directly with our authorized representatives.

The user must verify all the details and specifications, including but not limited to the location, sizes, amenities, specifications, services, terms of sales, payments, delivery dates, and all other relevant terms independently with our Sales team prior to concluding any decision for buying any unit in any of our projects/ developments.

Please note, that we will not be accepting any bookings or allotments based on the images, material, stock photography, projections, details, descriptions that are currently available and/or displayed on the website.

Upcoming projects shown in our website or anywhere else is just for your reference. Details pertaining to upcoming project are not for offer or sale.

We thank you for your patience and understanding.

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