Real Estate Sector in India. Sterling Heights premium open plots in Hyderabad Presents an Ideal Destination to Build your Dream Homes

1. The impact of Coronavirus on the Indian
real estate and what is in it for the
homebuyers
In our country, the real estate sector has been
the second-biggest source of employment, the

2. first being the agriculture sector. It is estimated
that the real estate sector in India is expected
to cross US$ 1 trillion in market size by 2030,
with a contribution of 13% to the country’s GDP
by 2025.
According to current government estimates, by
the year 2051, around 88 crore people are
going to be living in urban areas of India, a
whopping 91% increase from the present 46
crores. This will lead to a substantial increase in
demand for residential real estate.
While the long-term story seems to remain
intact, the onslaught of the Coronavirus
pandemic and resulting series of local, regional,
and national lockdowns between March and
June 2020 severely impacted the nation’s
economy. When the country was trying to limp
back to some revival mode came the second
wave, seemingly far more severe. The real

3. estate sector, especially in big cities like
Hyderabad, was severely affected, with new
construction coming to an abrupt standstill due
to the mass migration of labour to survive. The
industry experts believe that the recovery will
depend on how India deals with the
Coronavirus and carries out the mass
vaccination program.
The scale of impact as it stands
Going by a report from India Ratings (Ind-Ra),
while the overall residential demand declined by
over 40 percent in H1 of FY21, the new project
launches across India increased by 71 percent
between January and June 2021.
Whatever the current scenario is, developers
believe that the sector is better prepared. The
pandemic has made one thing clear: it is time to
plan for the short term rather than the future
due to uncertainty within the market.

4. Here are four reasons which come as a relief
for real estate developers and are beneficial
for home buyers:
1. Gradually firming up of prices
Demand and supply have shown signs of
recovery, albeit slow, with new property prices
going up in cities like Hyderabad by as much as
5% compared to the same time last year.
2. Actual buyers: For residence, not
investment
With work from home becoming the order of the
day, families started spending more time
together. The pent-up demand for residential
real estate from home buyers for actual
residential purposes and not just for investment

5. or realty value appreciation came to the fore,
providing relief to the real estate sector.
3. Attractive home loan interest
rates
Homebuyers are regaining confidence within
the realty sector despite the Covid-19
pandemic-related slowdown. Amid the RBI
continuing to remain the repo rate unchanged
at 4%, homebuyers can get home loans for as
low as 6.65% annual interest compared to
eight seen in January 2020.
4. Buy properties from wherever
you are
Like all other industries, the real estate sector
saw a big wave of digital adoption both by the

6. developer and the buyer, going beyond the
usual websites and videos to try & recreate the
immersive experience of exploring a residential
property! This has helped in faster, smarter
scouting, shortlisting, and finally buying
properties from the comfort & safety of
wherever the buyer is.
Finally…
The ongoing pandemic has and will continue to
impact different parts of the real estate
ecosystem differently. The human and sectoral
resilience aided by favourable governmental
policies and positive consumer sentiment is
expected to help put the past behind and move
forward with much optimism.
Sterling Heights premium open plots in
Hyderabad presents an ideal destination to
build your dream homes, and for many others,
it’s a lucrative investment option. For more
details, log onto www.sterlingheights.in or
call 63663 70422. Today!