What does the year 2021 hold for Delhi NCR real estate market trends?
Delhi NCR has always been a frontrunner in India’s real estate market. Rapid growth is one of the examples. Moreover, several new trends have emerged in last year. Thus, 2021 appears to be a year of recovery for the industry.
Even though the year 2021 had a big effect on the real estate sector but it never fails to surprise everyone with its stability and strong recovery potential. Here are five amazing real estates trends in Delhi NCR.
Adaption of new technology
This is predictable, given that nearly every industry on the planet is undergoing a massive digital transition that attempts to improve its methods and products. Digital technology has a positive impact on all real estate offers, from residential complexes to commercial properties. Smart homes like DLF One Midtown Delhi and its technology is gaining traction, and homes with pre-installed devices are projected to sell faster.
Technology has also transformed construction procedures, and agile practises are likely to speed up project completion. Proptech, 3D printing, and digital building are just a few examples of rapidly evolving sectors.
Changes in favourite locations
People's perceptions of homeownership have shifted as a result of work-from-home. One of those shifts is a movement in their preferred locales.
In a metropolis like Noida, a speedy commute is essential. A rapid commute between one's house and the office is generally a top consideration for persons looking to buy or rent a home in a city like Delhi NCR.
This resulted in high demand in locations like Greater Noida, Electronic City until COVID. This pattern is changing in ATS Pious Orchards, thanks to the rise of work-from-home options and people's desire to spend more time with their families.
Formats for residential use that are preferred
The popularity of inexpensive and mid-segment properties is likely to expand this year, with ready-to-move-in properties being the most popular option. According to the industry patterns, for many homes such as ATS Destinare Noida Extension, the extra space in 2 BHK and 3 BHK apartments can be transformed into temporary work from homes rooms.
Buying Home Online
The digitization trend does not stop with home technology; it also extends to the home-buying process. Developers created internet tools enabling homebuyers to study their alternatives as the virus was increasing. In the future, this transition will likely become considerably and will be widespread soon.
Homebuyers of ATS Kingston Heath can now visit their preferred residences electronically from the comfort of their own homes.
Tax advantages
Thanks to the budget for 2021, people will be able to take advantage of tax savings on affordable housing. And also in private investment formats such as REITs.
The decision to prolong tax exemptions and interest rate reductions on house loans until March 2022 is a good move for home buyers.
Also, things seem to be improving for Mumbai Real Estate Sector, with real estate growth by Godrej Riviera. The rate of realty is starting to increase. So, if you are planning to buy a home, then it's a good time.
