With the financial year coming to an end and India heading towards its General Election, it has been noted that in the March Quarter the Real Estate market in India saw over 10% rise in Sales in the first quarter of 2019.
Previously it was seen that the real estate market would tread cautious paths with a wait and watch approach in the hope of new sops being announced by the newly elected government.
But come to 2019, the scenario is very different. As per reported estimates, an increase of over 10% in sales was seen across the top seven cities in the first quarter of 2019, while the new launches are estimated to see over 20% rise.
Interestingly, the government’s initiatives in the residential real estate sector have given a massive boost to this sector with a steady upswing in new launches. The government announced 3 benefits in a span of first 2 months of 2019.
With new sops in the budget this year for developers working on affordable housing projects and key measures to boost second home buys. Another key initiative is the cut in GST rates on both affordable and premium housing. Also, with RBI announcing a repo rate cut there has been an evident decline in the home loan rates of various banks, in turn, boosting this sector as well.
Many Top Developers have acclaimed the government’s measures to promote investments in Real estate leading to an increase in the number of homeowners and buyers. In fact, many of them are stating that there is a return of buyer’s interest in the market especially due to the drop of GST on premium housing.
Its been seen that this renewed interest in affordable housing has caused a rise in both new supply and sales. With several luxury developers also launching affordable housing projects within the price range of Rs 80 Lakhs, they are seeing widespread sales traction.
As per the latest Indian Real Estate Trends, the increased interest in Affordable Housing is a result of a GST cut from 8% to 1% and a full tax exemption for developers on profits from projects registered till 2020. This along with the other sops have been offered to create phenomenal growth in this sector.
Despite these sops and initiatives invigorating the Realty Market in terms of increased interest in realty investments, Real Effects will be seen April 1st onwards when the new GST rates take the fore, as it is clear that investors would like to invest at reduced prices and not at the old GST rates.
With liquidity issues prevailing and further escalation by the NBFC crisis in the last quarter of 2018, the realty market did suffer a blow. Fortunately, the combined efforts of the RBI and the Government to salvage the market has created a positive and welcoming atmosphere for homebuyers. This is evident in the manner a massive plunge by undecided buyers has been noticed hereby helping concerned developers who are eager to sell their total unsold stock of 6.73 lakh units across the top 7 cities.
A strong push by the developers and authorities to boost the Realty market is being welcomed positively with investors increasing by the day. The right planning and timely decisions play a vital role in Real estate.
Hence, we urge our buyers to take advantage of all these sops and invest in their future home and consult us to make your dream home come true.
Get the Latest News and Updates Of Indian Real Estate
Well, we are aware that real estate has never exactly been one of those binge-worthy blog categories. It has neither been the kind of topic you could not get enough of, nor is it half as juicy as celebrity gossip.
However, in India, real estate blogs are starting to get clicks and likes, and it has become one of the trending topics. People worldwide are beginning to realize how real estate as an industry affects the economy and how important it is to understand housing trends to enhance their lifestyle.!
The relevance of informative Indian blogs on real estate and finance are at an all-time high now. The youngsters are bidding big on investment options, and brackets such as realty have proved to be highly dependable compared to others.
The Millennials are flooding in to invest in apartments, plots, and villas, and the earliest members of the Gen-Zs' entering the workforce and looking forward to having their own homes. This has only fuelled the growth of digital real estate blogs to keep up with the tech-savvy generations.
Also, the real estate sector has been proving time and again, how reliable an investment choice it is. So, learning about the sector is the smart way to climb up the ranks, and where else can you learn so much except from real estate Blogs! Real estate is the second-largest contributor to the country's GDP; hence there is no doubt that it affects every one of us, whether we see a future in the Real Estate Industry or not. After all, we all live in our homes, and housing is a significant part of the industry.
We know exactly what you need to know and what you like. We know you want to feel engaged and entertained, and at the same time, hot housing news should be fed to you! We have turned the tables, grab a spoon, and start digging!
And Voilà! We present to you the most Interesting and Informative blogs!
As our name implies, we are not limited to realty alone, granted we do Specialize in it. We are all about Homes, and we are in love with Tech and Innovation! Naturally, our blogs cover a myriad of topics related to real estate and housing from Luxury, Lifestyle, Home Decor, Vastu, Real Estate News, Reviews, Tech & much more!
We make every one of our real estate blogs as interesting as it can get and attach with absolutely unique and accurate images, to provide you a better understanding. Not only do we cover a wide range of topics, but we also cover them at the right time. We update you on our socials such as Facebook, Instagram, Linkedin, Pinterest, and Twitter on every trending topic, so you are never miss anything and worry about being left behind!
However, we never go out of hand with our Indian real estate blogs that our beloved Readers have come to love over the years.
Everything in India is a state of constant flux; maybe that's why we Indians became one of the most adaptable and cosmopolitan people in the world!
If the nation's elements are shifting its focus, how can real estate be any different? Indian Real Estate Sector is perhaps one of the most dynamic ones in the entire world. Since the Real Estate in India is yet to be organized entirely, the variations in one segment affect another in ways difficult to comprehend.
The complexity and nuances can be understood only by reading about what is going on in the sector. Like we mentioned above, it affects every one of us. Hence it is essential to keep up to date.
With its ever-changing shifts and tides, it's virtually impossible to keep track of the sector's latest trends and sink our anchor deep. That's where we come in! We are just one google search away!
We also try to solve every home-related query through our Indian real estate blogs. And that's not all. We provide you insights on technologies that make the modern taste and rate of development possible, detailed analysis on real estate projects, insights on loans and taxes, advice on the home buying process, and articles on health and fitness. We provide you information about the trending topics in the Indian real estate industry.
We also host video podcasts named Expert's Voices, where we discuss with the leading players in the industry about market scenarios, offers, anything and everything related to real estate.
In addition, we host Real Estate News so you can stay updated on the sporadic events that happen around the country concerning Indian Real Estate. We also make short and easy to understand real estate video blogs.
We have got so many topics to read about that even if you have years of experience or are just curious and googling to get some ideas about Indian real estate blogs, you will find the best ones here.
At Homes247.in, we strive to provide you only the best real estate blogs. Our blogs are always entertaining; even the dullest subject we touch upon, we try to make it engaging. We make sure the best of the best is are the only standard we keep ourselves at when it comes to our service or our Indian real estate blogs.
Our team is made of a dynamic group of keen hands-on expert researchers who work tirelessly along with passionate and knowledgeable content writers to bring to your fingertips the world of real estate.
On every one of our real estate blogs, we research vigorously, write creatively, carefully compile, and thoughtfully curate the best real estate blogs, especially for you, from India's best content writers and contributors.