Real Estate developers in Kothur Hyderabad

Trends that homebuyers are seeking for in 2021

Real estate has remained one among the foremost preferred asset classes. A shift in consumer preference has been witnessed special ly during the pandemic including the work from home scenario. Home Buyers became more observant and started making informed decisions on their investments because the pandemic has stressed the importance of owning one’s house . The government’s effort towards affordable housing policies and reduced home equity credit interest rates make it an ideal window for homebuyers to take an advantage of. Homebuyers preference will now get on the lookout for townships on the periphery of larger cities, ready-to-move in (RTM) homes, provision of a school , co-working spaces, and amenities within the property. Here are the trends that homebuyers are seeking for in 2021 !

    1. Prefer RTM homes– The real estate and therefore the construction activities are coming back on target slowly and steadily, however, more investors will prefer homes over under-construction homes to eliminate the biggest risk of project delay.
    2. Avoiding crowded areas- Investing in properties in crowded areas won’t be the well-liked choice among prospective homebuyers
      anymore. The demand for townships on the periphery of urban hubs, offering a way better quality of life are going to be more prevalent. Developers are already offering facilities like grocery stores, laundry, gym, etc. within the complex, which is eliminating the necessity of creating frequent trips to the market.
    3. Study/office space- With work from home (WFH) taking the front seat,
      developers are incorporating a delegated study/ office space in their design plans. This room are going to be an addition to the prevailing 2bhk or 3bhk floor plans. The classroom will specialise in providing good lighting and an
      honest WiFi connection. Multi-use furniture also will leave efficient space allocation.
    4. Preference for eco-friendly properties– Better surroundings offer a better quality of life. With homebuyers that specialize in reducing water and energy
      consumption, the demand for green amenities is on the increase . Developers
      should incorporate solar panels, rainwater harvesting, waste management, etc. into their projects. With people spending majority of their time indoors, providing larger balcony spaces with more greenery would even be beneficial and this is able to in-turn help increase the green areas also .
    5. Co-working Spaces- To require an opportunity from the confined space within their 4 walls, homeowners would really like to figure from different places within the property. Co-Working spaces in areas like the clubhouse will provide homeowners a chance to take care of social distancing also as have an alternate location to figure from.
    6. Need for Automation- To put the homeowner’s mind at ease, automated doors and voice recognition elevators & lights are considered will eliminate the use of touch and will help maintain proper hygiene and sanitation
      standards throughout the property. The residential market is predicted to expand sizably and can still grow within the coming year.

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Indian Real Estate – Emerging Stronger with the new normal

  1. Some of the credible players in India’s real Estate has reinvented itself so as to grasp , plan and implement innovative ways to remain ahead during this pandemic challenge. Strong emphasis on building credibility, financial strength, generating demand and fresh perspective has fueled the expansion of the Indian land sector. Along side the government’s support and meticulous planning, the Indian land sector is about to ascertain an uptake within the coming months. Here is why the Indian Housing Sector continues to emerge stronger as we move ahead: 1. Sustained sales growth signal recovery– Post-June 2020, enquires for residential sales have steadily improved and are rebounding to pre-COVID-19 levels. There has been an increased demand from Non-Resident Indians (NRIs) in addition to end users who are the key buyers. The work-from-home culture has made homebuyers who live in rented accommodation realize the importance of getting their own homes. Therefore, the important estate developers are cautiously optimistic about the recovery and hoping the world to be back within the right direction.
  2. Trusted developers preferred by homebuyers: Prospective homebuyers have bestowed their trust in land brands that showcase transparent and ethical dealings. The arrival of RERA is bringing about business transparency also as significantly reducing the amount of consumer complaints across the state . One must not get lured by lucrative deals alone, offered by the developers during these challenging times, instead, they need to assess the pros and cons and choose a more trusted name within the market. The NRI class has also communicated an excellent sense of interest in Indian land with trusted developers across different markets.
  3. Low home equity credit interest rates: The reduction in interest rates has paved the way for prospective homebuyers to take a position in properties of their choice. Certain banks are offering minimum interest rates as low as 6.70%.
  4. The recently announced stimulus package suggests by minister of finance Nirmala Sitharaman will act as a backbone within the revival of the important estate sector. The impetus will provide demand booster for residential land and tax relief to the developers also as homebuyers. Under Section 43CA, Income tax relief will be provided to 20% of the differential between circle rate and agreement value increased from 10% for the period from the date of the announcement to 30th June 2021. This will apply to the primary sale of residential units of value up to Rs 2 crore An additional outlay of Rs 18,000 crore under PM Awaas Yojana (Urban) for FY21 will help within the construction of 12 lakhs houses and completion of 18 lakhs houses. For you dream home,
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