Real Estate is said to witness an increase in price and demand
To own a home is a dream, and the feeling is unexplainable when it comes true. Today, the real estate industry has spoiled us with choices. There are so many constructions happening pan-India that the pool of options is overflowing. While we are looking for our first or investment home, predictions suggest that the Indian real estate market is said to witness a rise of 5% in capital value.
Several forecasts have predicted that the sales momentum will rise in 2022, but prospective home buyers will have no change in their selection patterns. Homebuyers will still look for homes that give them a good return on investment, ample space, and facilities. While the facts about the price are on the go, Thane as a location for home buying and investment is promising.
During the first wave of the pandemic season, the real estate sector came to a relative standstill. When the second wave hit during the last quarter of 2020, the industry had just started to pick pace; despite these challenges, the real estate industry continued growing steadily in 2021. The festive season and vaccination drive also helped the sector catch momentum. These factors gave the sector a lift, and it recovered quickly. According to JLL research, residential sales have increased by 65 percent sequentially. The additional benefits for the industry also include low-interest rates, duty waivers in some regions, realistic property pricing, and appealing offers.
As the residential segment caught pace in the year 2021-22 will be seen growing even in 2022-23. While the sector was adapting itself after the first impact of the pandemic and the changing government policies, the end-user demand for real estate was said to witness an increase in 2022-23. A study by the Ind-Ra also states that the sales this year is likely to touch new heights. According to Ind-Ra, the price appreciation of residential property expects a rise of 8% in 2022-23, led by Bangalore, Mumbai, Pune, and Hyderabad.
As the real estate market picks up, people will have more opportunities to select their ideal property. Amidst this, we at Puraniks offer a home synonymous with comfortable living in our 1 & 2 BHK Homes in Thane; we can help you build your dream home and provide you with the lifestyle you’ve always wanted.