Director, For 99Acres
The COVID-19 pandemic undeniably had a drastic negative impact on the Real Estate Market and witnessed a drop in sales due to several reasons, the primary one being the financial crisis the general public went through. The second wave only seemed to make things worse, but in the last 4 months of 2021 following the festive season, the Real Estate Market seems to be gaining back its pre-pandemic momentum and rather flourishing even more than before due to the new market benefits and people shifting more towards the work-from-home model of work and also realizing the importance of owning a home in such times of uncertainty and turmoil.
In these times, real estate investments have proven to be the most stable and beneficial option for investment. It has constantly remained unaffected by market turbulences and thus is chosen by more and more people as a safe investment option. There has also been a rise in people’s preference of quality when it comes to choosing a home. They have now more gravitated towards gated communities, larger apartments, facilities and connectivity.
Even with the pandemic now at ease the importance of owning a quality home has not only been stable but has raised significantly. Now that the year 2021 is about to end, people in the Real Estate Sector can be more and more optimistic about rise in sales and new prospects.
Read more about what our Director, Mr. Rakesh Reddy has to say about Q4 Trends in Real Estate in this featured 99 Acres article.
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Locations
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HYDERABAD -
BANGALORE