Real Estate Sector Pins Hopes On Festive Season
The second wave of COVID-19, which has hit India is causing a wide surge of infections. The real estate sector is now pinning hopes on the auspicious occasion of Gudi Padwa to keep the sales momentum going. Here’s what the developers have to say: Dr. Niranjan Hiranandani on Gudi Padwa's home buying sentiment, "Gudi Padwa being an auspicious occasion for home buying sentiments, the real estate market will see an enhanced consumer confidence index as owning a home has emerged to be a centre of gravity on grounds of safety, stability and security. It also offers steady rental income and long-term appreciation in comparison to other volatile asset classes. It is the right time for muted investment in real estate to return as the external market conditions are conducive for domestic as well as NRI investors in the backdrop of favorable policies by regulatory bodies, innovative payment schemes by financial institutions, lowered home loans interest rates and liquidity infusion by the government in form of fiscal impetus improving the economic climate. Amidst the resurgence of Covid -19 pandemic leading to the new normal way of living, the home-buying with branded developers offering quality, timely delivery and ready-to-move-in option to save GST should be a priority for all the discerning home seekers in this festivity.” Rohit Poddar, Managing Director, Poddar Housing and Development Ltd On Gudi Padwa Offers added, "Gudi Padwa is a very auspicious occasion to purchase your dream home. This year is a special year with very low home loan rates, great prices on homes and our self-belief in human resilience. Prices are going up due to inflation and increased input prices so make use of this great opportunity to buy your dream home."
Tags : Interviews real estate sector Gudi Padwa Festive Season