Real Estate in India is Boosting in Festive Season 2021

The 2021 festive season is the first season after the market reopens after the COVID-19 pandemic. The optimistic view of the Indian real estate industry is clear. The real estate sector has not been part of a cyclical rally in the asset class so far due to the large size of the banknotes associated with it, but now that the stock market is at its peak, the sector is showing. Does this mean the 2021 festive season could change the proportion of real estate in India? This is a most asking question that most analysts want to know the answer to at this time.

The festive season is going on, and we can see that marketing is going high every day but it's too early to estimate accurate sales volume and value growth at this time. But there seems to be enough catalyst to create optimism rather than pessimism. It remains uncertain how much this optimism is driven by emotions and how economic fundamentals support business acceptance.

On the sales side, 2021 is great for real estate developers. Despite the second wave of the Covid 19 pandemic, sales in the residential real estate sector increased 67% in the first half of 2021. As you can see after the pandemic, the market has a share of ups and downs, and the festive season that started in October brought joy to the segment.

Low bank rates, reduced stamp duty in some states, and demand for luxurious homes to accommodate remote work have helped boost sales in the real estate sector. Certain industries, such as villas, luxury homes and affordable homes, will continue to improve. We believe that the luxury home and holiday home markets will get a good boost during the holidays. However, the middle-segment housing market could remain volatile in the last quarter of 2021,

Factors That May Promote Home Sales During the Holiday Season

Some Director of real estate Group, agrees that sales of commercial and residential real estate increased significantly in the third quarter of 2021 despite the expected third wave. The gradual resumption of the economy has slowed investor sentiment towards real estate, but the real trigger is the holiday season.

Sales in the major real estate markets are expected to grow steadily during the current vacation quarter from October to December, driven by favorable incentives and plans offered by developers during this period. This is expected to further revive demand for housing units, along with record mortgage rates and restrained real estate valuations. Understanding the value of owning a home and the additional benefits of holiday discounts in a pandemic context has now created a positive outlook among buyers.

Holiday Season Offers That Can Attract Home Buyers

As we know home sales increased in many major cities like Noida, Greater Noida, Pune, Bangalore, even if prices rose in September. This momentum is expected to continue in the coming holiday season. Not only will there be exciting releases to look forward to, but developers will also offer consumer-friendly deals. To make the deal easier, developers need to offer not only discounted prices for properties, but also options that do not require a large down payment. Another great option is to offer multiple payment options to potential buyers.

Factors such as lower rupees and lower mortgage rates have contributed significantly to growth, all of which have made real estate more attractive as an investment asset class compared to other traditional options.

Last year, the celebration was calm. However, I am looking forward to the year-end and New Year holidays this year, and I can increase sales. With the ongoing COVID-19 vaccination campaign, discount offers, new housing options, and many subsidies on the market, developers are betting big on the next holiday season, added. increase. After a slump in the 2020 holiday season, baseline levels are fairly low and, of course, real estate is expected to recover this year. Post-holiday sales analysis defines how optimism translates into purchase commitments.

However, even pre-COVID sales will be a huge recovery for sectors that have experienced disappointment in the last few years during the holiday season. The biggest challenge is that there is still a way to attract people to the holiday sale, so it also depends heavily on your sales strategy. After all, it's now a very competitive market, and developers need to rediscover themselves to stay relevant. Some real estate project like Majestique Marbella Pune, and if you line in Delhi NCR or Noida the Supernova, Godrej Palm Retreat, Mahagun, WTC Noida CBD, Lotus 3C, can be options to choose.