The festive season has brought a win-win situation for all the stakeholders in the real estate world. With the home loan interests being at their lowest (6.5-6.8%), developers are offering great deals, the bank could not offer better deals than it is already, and homebuyers are ready to invest. And we aren’t saying this. From all perspectives, whether festive or market, experts say it is the best time to invest.

1. Here’s Why Real Estate
is seeing an Upswing

2. The festive season has brought a win-win situation for all the
stakeholders in the real estate world. With the home loan
interests being at their lowest (6.5-6.8%), developers are
offering great deals, the bank could not offer better deals than
it is already, and homebuyers are ready to invest. And we
aren’t saying this. From all perspectives, whether festive or
market, experts say it is the best time to invest.

3. Real estate has thrived through the second wave of COVID.
And finally, luck has knocked the doors of both real estate
developers and homebuyers. With an upswing in
development, Indore has become a destination for
investment. The robust infrastructure, options, education, IT
sector is attracting a swarm of homebuyers. Here are a few
reasons why realty is reaching heights:

4. Turning the odds:
Problems such as expensive properties, construction cost,
home loan rate of interest, lower connectivity, and so have
been completely transformed. People are getting more
affordable housing options. The road connectivity in Indore
from the outskirts to the central city has tremendously
increased. Especially A.B Bypass road. The government and
banks give continuous support for loans and schemes and
make it a victory point for the city.

5. Increase in demand:
The new work-from-home model has increased the demand
for open spaces. People want large spaces that are affordable
for a home-office type of setup. A.B Bypass Road, Vijay Nagar,
Bicholi Mardana, Super Corridor provide great property
options.

6. Priority:
The priorities have shifted where people looked for moving
around for a job, taking risks, and preferred a flexible living
post-pandemic. People want to have certainty and assets.
That’s why they like to settle down. Also, work from home has
encouraged people to be in one place finally. With, of course,
other finance options supporting this priority, people are
ready to invest.

7. Affordability and Eligibility:
Not to mention again, home loan rates are at a decade low.
Also, RBI keeping the repo rate unchanged indicates that the
home loan rate will remain constant. This has increased
people’s faith in buying homes. In terms of eligibility, the
government has expanded its horizons. People like freelancers,
artists and others who might not have payslips but assured
income can try for HFCs.

8. Striking a balance:
Even builders are striking the right balance. Since there are
housing options at all prices, but buyers expect a good
standard of living- developers are trying to strike a balance.
That’s balancing cost, design, comfort and amenities. Thus,
attracting more customers.

9. The real estate market is shifting from being investor-driven to
an end-user driven market. Real estate with government
support is trying its best to remain afloat—exceeding
expectations. Nonetheless, the raw material cost is making it
challenging for developers to maintain property costs. That’s
the only challenge. Though undeniably, demands will only go
up from here!

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