The Future of Real Estate 2021- Must Know!

After checking the past three years report for the Indian real estate sector, the year 2020 proved a recovery year. GST laws, business disruptions, the NBFC crisis, RERA realty law, and demonetization affect the housing sector, but this started establishing.

Unfortunately, in 2020 the year of pandemic and coronavirus hit the worldwide economy that forced the government to shut down everything to rescue people from the dangerous virus. From 25 March 2020, and till then, situations are normal. Also, the COVID vaccine is introduced, which saves millions of lives.

Read Also: Godrej Buy 33 Acre of Land in Bannerghatta Road Bangalore

With this pandemic, the real sector growth again exaggerated in India. We hope 2020 will end real estate's downfall in three years while it greatly impacts the real estate sector.

Read Also: DLF One Midtown

Read Also: M3M Sector 79 Gurgaon

Read Also: Smart World Sector 79 Gurgaon

COVID 19 and Real Estate

The year 2020 started with positive growth in real estate, but all the hopes vanished with a sudden lockdown due to coronavirus. The real estate industry received a major negative impact as lots of labour went back to their homes. Moreover, thousands of people have lost their jobs, which give a major impact on income and generate an employment crisis.

With the inability to see the property's site area and development, many real estate workers change their business plan and come to the digital world to launch their new projects to prompt their markets. We found positive during COVID. It gives a lot of space to create bets marketing strategies that will go along with digital and traditional marketing on how the real estate will develop in 2021.

Read also: Top 10 Best Luxury Apartments in Gurgaon

Read Also: Buy Residential and Commercial Property in Noida

Read Also: Loan Against Property In Noida

Festivals Bring Hope in The Market

After the lockdown period, festivals are the only hope for the market to bring back their growth. And the results were outstanding too. The demand of people increased with lowering housing price, lowering the interest rate of home loan, special offers, and other marketing tactics. These factors worked and brought back positivity in the market.

If we talk about the metro city, Mumbai, the Maharashtra government reduces the stamp duty over the house registration- that proved a game-changer in the real estate market. This seems it will continue as long as the stamp duty maintains till 2021 March.

Read Also: TVS Emerald Singasandra Bangalore

Read Also: Godrej Pimpri Chinchwad Pune

Read Also: ATS Homekraft Rohini Delhi

Read Also: Max Sector 128 Noida

Read Also: Godrej Woodsville

Read Also: Paras Floret 

On the other side, the lockdown brings new changes in the real sector. The buyer's get to know the value of homeownership that will significantly impact the real estate industry. At the time of COVID-19, many people faced rental issues, and some were thrown out of their houses. This increases the importance of home and forces people to buy their new property.

Moreover, big homes' need decreases as people prefer to upgrade their homes solely without buying a new one. As you can see, COVID has given both a negative and positive impact on the real estate industry. The real estate market has seen vast cancellations of house and building during coronavirus and posts COVID. Thankfully now the situations are normal, and the market gets back on track. After COVID, the demand for NRI's has increased in buying properties in India.

Read Also:- Top 10 Best Residential Projects in Gurgaon

Read Also:- Top 10 Best Residential Projects in Mumbai

What steps has the government taken to amplify real Estate growth?

COVID-19 has given a bad impact on the world economy. People are suffering from health issues, financial crisis, and more. To help the economy, the government has announced the RERA scheme, which provides an extension for project completion from 6 months-9 months. Also, the relaxation for the middle-class families, tax rules, etc., increases the sales of property that prized up to 2 Crore get 20% discount.

Read Also: Birla Sector 150 Noida

Read Also: M3M Sector 128 Noida

Read Also: Smart World Sector 111 Gurgaon

Read Also: L and T Sector 150 Noida

Read Also: M3M Sector 111 Gurgaon

Various industries appreciated these steps, but the real sector demands more intervention or schemes to boost the demand for sales. The government is making great efforts to bring back the economy on track. However, the budget has limited that need to address various sectors of the economy.

Read Also: TARC Kirti Nagar Delhi

Read Also: Top 10 Best Luxury Apartments in Pune

Read Also: Top 10 Best Luxury Apartments in Mumbai

Read Also: M3M Projects in Gurgaon

The reserve bank of India has also taken various steps to speed up the growth of each sector and increase GDP by 3-4%. As per seeing the latest report, the real estate industry is in demand. Thus the future will be bright if we invest in economic deals. This enhances the growth of both economy and sales of property. If you ask if it is right to invest in real estate in 2021, we would have a positive outlook for 2021. Good Luck!

Read Also: - Top 10 Best Residential Projects in Pune

Read Also:- Top 10 Best Residential Projects in Kharadi

Read Also: - Top 10 Best Residential Projects In Undri 

Read Also: - Top 10 Best Residential Projects in Wagholi

Read Also: - Top 10 Best Residential Projects In Bangalore

Read Also: - Top 15 Best Residential Projects In Gurgaon

Read Also: Top 10 Best Residential Projects In Noida Extension

Read Also: - Top 10 Best Residential Projects In Sector-150 Noida

Read Also:- Top 10 Best Residential Projects in Noida

Read Also:- Top 10 Best Residential Projects in Wakad

Read Also:- Top 10 Best Residential Projects in Bavdhan

Read Also:- Top 10 Best Residential Projects in Nibm

Read Also:- Top 10 Best Residential Projects in Talegaon

Read Also:- Top 10 Best Low Rise Apartments in Gurgaon

Read Also:- Top 10 Best Residential Projects in Mamurdi

Read also: Top 10 Best Commercial Property in Noida

Read Also: Top 10 Best Luxury Villas in Noida

Read Also: Top 5 Best Luxury Projects in Delhi

Read Also: Top 10 Best Luxury Projects in Bangalore

Read Also: Top 10 Best Luxury Projects in Gurgaon

Read Also: Top 10 Best Residential Projects In Chennai

Read Also: Top 10 Best Residential Projects in Dwarka Expressway Gurgaon

Read Also : Assetz Group Property Bangalore Real Estate Developer And Builder