scorecardresearch
Friday, March 29, 2024

Shravan Gupta sees real change in real estate this festive season, with home sales booming

Date:

Share post:

Today, the housing sector has undergone tremendous change and has emerged as the most profitable sector. With this improved outlook, some experts such as Shravan Gupta feel that real estate will witness real change in the coming months. 

Real estate is one of the most progressive sectors in the Indian economy. Despite undergoing an economic slowdown, it is gradually picking up. This has raised the hopes of many home buyers and builders like Shravan Gupta in this festive season.

Many factors have brought about these changes in the real estate sector.

Enhanced sales in the housing sector

This year has proved to be a profitable one in terms of house sales. Experts have forecasted that the real estate sector will grow by 10 per cent in 2021. Such a trend has become visible in most major cities like Mumbai and Delhi, and is now noticeable in mid-level cities like Indore as well. It has been estimated that revenue has risen by Rs. 24 crore since 2020.

Housing sales are projected to have risen by 78% since August. People are buying more homes.

Stamp duty cut

Stamp duty plays a major role in deciding prices. Shravan Gupta feels that a low rate of stamp duty is responsible for bringing down the overall cost of home loans. However, it’s best to keep in mind that this varies from city to city. The festive season has come as a boon for real estate as stamp duty rates have been cut specifically for this season.

Incentivising buying

Builders have realised the potential of changing the environment in a post-pandemic world. They are developing homes with the latest amenities like gyms and schools in one area. This is usually offered at a relatively affordable price with optimised incentivised buying schemes. Many people are now working from home, which makes them need bigger spaces for working. This has further strengthened the need for such beneficial schemes.

New designs

Shravan Gupta is one builder who uses innovative technology to make his buildings apt for today’s needs. Most buildings today are built in an eco-friendly manner with the latest amenities — one of the major factors when someone goes to buy a home.

It is precisely these factors that have brought about the revolution in the housing sector. Some market experts feel that this trend will continue well into 2022.

(ThePrint ValueAd Initiative content is a paid-for, sponsored article. Journalists of ThePrint are not involved in reporting or writing it)

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

How to Get More Followers on Instagram

Make sure to include keywords related to the kind of content potential followers will find on your feed. It could be sports, travel, pets, make-up, clothing, etc.

How to Get More Followers on TikTok

If you have a particular skill, like dancing, drawing, singing, or doing sports, you can focus your content on that and share it with the world.

Top 5 Sites to buy Gmail Accounts

When talking about a no-hassle and straight-to-the-chase website for buying Gmail accounts, BuyAccounts24 is hands down one of the best options out there.

5 Ways AI Can Revolutionize Your Blogging Strategy

Using popular AI writing tools like Semrush's AI Writing Assistant and Junia AI can simplify the way you conceptualize and write the content that’s needed for your online blogs.