Despite the dampened sentiment 95% of Goa’s developers said that they plan to launch new real estate projects in 2022. With the state becoming a retirement destination, 43% of Goa’s developers are toying with the idea of venturing into senior citizen housing.
Real estate is now the preferred investment asset class for 64 per cent of women respondents. It was 62 per cent in the last study (H2 2020) and 57 per cent in the pre-Covid survey (H2 2019).
As high-net-worth buyers remain focused on their personal achievements and accomplishing their goals, acquiring luxury real estate continues to be an essential component of their financial portfolios.
Now, just sitting at home one can thoroughly go through the property with the help of VR/3D enabled site visits, clear all his queries through chatbox-assisted inquiries and even book a property and pay through digital transactions.
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.
Budget 2022 is an opportunity for the government to ease the burden on a demographic that has been most affected by the double whammy of decreasing interest rates, increasing retail inflation and medical expenses inflation over the past couple of years – retirees and senior citizens.
Sixty seven per cent of high net worth individuals (HNIs) are planning to buy a luxury property in the next two years in order to upgrade their lifestyle, revealed a survey conducted by India Sotheby’s International Realty.
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.
Goa has now firmly established itself as a year-round staycation destination, bumping up the average rentals for a well-located property to 4% per annum. Limited supply of quality homes has meant one of the fastest price escalations for Goa real estate, during the pandemic.