There has been a growing demand for online real estate. Digital real estate has moved out of the corporate lexicon and has now become a reality. From search and discovery to the transaction, homebuyers are now relying on the online space.
If you are a Non-resident Indian (NRI) looking to purchase property here, then this is a good time because the real estate market in India has never looked as lucrative in the last few decades as it does now.
Town and country planning minister Vishwajit Rane on Monday announced a slew of reforms in the department, including an online file tracking system, deemed approvals for commercial and residential projects after 21-45 days, and more.
As work-from-home models subside, there is a shift in demand back into the cities, especially now that most offices have returned to normal operations, and homes nearby have become furthermore attractive to potential homebuyers who are looking to live near their workplaces.
Housing sales are expected to remain strong during this current quarter and there will not be any major impact on demand from the fresh wave of the COVID-19 pandemic, according to industry experts. Real estate developers and consultants said there was a minor impact in the first two weeks and sales enquiries are strong.
Residential real estate has staged a dramatic bounce-back across the top seven property markets in India, despite the devastating second wave of Covid-19 that reversed consumer sentiment across sectors, hitting the economy.
According to the Knight Frank report titled ‘Real Estate Outlook 2022’, India’s realty sector is showing signs of healthy growth in 2022. With the steady performance and quick revival, the real estate sector regained the buyer’s and investor’s trust and further picked up the growth momentum.
Perhaps the most important high point of 2021 for the Indian residential real estate market was that the real estate business did not come to a standstill despite the second wave of the pandemic, and shown resilience to come back from the lows of the uncertainty.
Close to four years after the Goa Real Estate (Regulation and Development) Act was formulated and notified, the Goa RERA has finally framed norms to return the registration fee paid by an agent or builder.
HDFC Chairman Deepak Parekh Friday said the housing and real estate sector is “heading into the best of times” with a lot of “optimism in the air”. “In over 50 years of my work life, I have not seen housing affordability better than where it is today in India. I have not seen such easy liquidity conditions and interest rates at such record low levels,” Parekh said