By Shravan Gupta.
Real Estate markets around the world are witnessing a downfall. Such isn’t the case in India where Real Estate is recovering at a steady pace in the year 2022. This has raised hopes of builders like Shravan Gupta for better sales after the slump in 2020. We are seeing more demand for new homes across all the sectors. In the long run, it will prove fruitful and boost the Indian economy as well.
It is a well-known fact that Real Estate has a correlation with the economy. There are many factors responsible for the upsurge in the Real Estate sector. According to the current market scenario, Real estate is on the path to recovery and is bound to recover in a few months.
Factors responsible for high growth.
- Lessons from lockdown.
Since lockdown Real Estate Industry has grown more resilient in terms of sales. There is more influx in demand from mid-level and metro cities. This trend has become more noticeable after the lockdown as people are willing to spend on real estate. Shravan Gupta feels that real estate has learnt to profit from slowdown by being patient. It seems to be a fruitful strategy in the long run.
- Lower interest rates.
It has been noticed that Banks are more favorable towards new home buyers. Some nationalized banks are offering home loans at a more affordable rate. This has attracted many first time buyers as they are capitalizing on this benefit. Similarly, builders have passed on the benefit of low-interest rates to consumers and first-time buyers. Shravan Gupta feels it is the right time to tap on this potential and grow your business.
- Community driven lifestyle.
Today people have learnt the value of spending quality time at home. It has given rise to people opting to live in a gated community. Shravan Gupta has highlighted the benefits of living in a gated community. One does not have to go out for every day amenities as it is available within the complex itself. It has given encouragement to live in a healthy environment with gardens.
- More FDI Investment.
India is emerging as a favorable market for foreign players in the Real Estate market. Be it housing or the commercial sector, there is more FDI investment coming in these sectors. Shravan Gupta has acknowledged the investment of NRI in the housing sector due to the above-mentioned reasons.
In Conclusion.
It won’t be wrong to assume that Real Estate will bounce back at a tremendous rate. Industry experts like Shravan Gupta feel that there will be an increase of about 10% in the final housing prices.
Website: https://www.shravangupta.com
