Why Should Homebuyer Be Owning A Home In 2021?

Real estate industry is an ever growing sector with some fluctuations time to time. Buying a home is the dream of almost every individual. And, 2021 is the perfect year to fulfil your dream. It is not only about aspiration but it has many other benefits and gives you peace. A home is also a sign of overall social and personal growth.

With many renowned developers coming up with their new launch projects, it gives a great opportunity to buy a house at best prices. As post pandemic, the market suffered a real low but now the market has picked up back. The sector bounced back along with the support of government, great deals offered by developers and technological advancements for the homes for sale.    

What Are The Benefits Of Home Ownership?

1. There are no landlord hassles
2. Gives emotional security
3. No more uncertainty and no need for compromise
4. Avail tax benefits on home loan
5. It creates your own asset
6. It acts as an investment

The push from the government through various schemes has actually helped the homebuyers in making their dream come true. The government in relation with the developers would like to help every citizen achieve their dream of owning their ‘own home’.

The affordable housing policy launched by the government is a step in the right direction wherein making a home for sale to fall under their budget. Recently, it is observed that the developers are focusing their efforts towards laying the foundation of affordable housing projects in their portfolio. It will eventually help the middle class to accomplish their dream as they encompass the largest segment in the Indian community.

Therefore, developers have realized the importance of tapping into this asset class to expand their customer base. They have also put forward addition in the growth of real estate sector. Today, realty players are striving to create a balance between affordable and luxury residential project offerings.

Let’s Have A Closer Look At The Points That Have Boosted The Realty Sector:

Government Support

Government has been very supportive when it comes to real estate industry and given a major boost through several policies. The reduced stamp duty, affordable housing policy, slashed interest rates and the Finance Minister’s stimulus package, it is a lucrative time for prospective homebuyers to book their home in the best residential property.

Indians have a common practice of saving and investing for the future purposes. But, if you look some years back, you will see that more investment was made in gold and jewellery. However, today’s scenario is completely changed and the current generation has banked on the real estate market as a safe investment option.

Developers’ Efforts

The developers are making equal efforts as the new homebuyers, the fence-sitters who had put their property investment plans on hold due to induced lockdowns are slowly returning to the market.  

The unfortunate ongoing situation has led the developers to offer attractive deals and discounts on properties for sale. It will lure buyers towards their project to boost the sales. Along with that, the exceptional response to the residential festive offers is a manifestation that the affordable housing segment is in line towards growth and prosperity.

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Technological Advancements

Another point is the technological advancements that are rapidly taking place in the realty sector. The adaptation of digital mechanisms has further increased demand along with that the WFH i.e. Work From Home trend has initiated a switch towards online tools.

Realising the worth of owning a home, the developers are working towards establishing building digital capabilities with tools such as Matterport 3D Cameras and PropTech strategies. Due to such advancements, trusted brands were able to convince and sell during the lockdown.

The virtual presentation helps to view the entire residential project for sale online at the comfort of your home that keeps him safe. Various tools are able to create virtual tours, display floor plans, 3D views that enable better customer understanding.

This year is all about focusing and catering to customer needs and expectations. Thus, one can conclude by saying that the year 2021 is an ideal time for homebuyers to shell out and seek comfort within the four walls of their new abode. The journey of buying a flat is a big financial and emotional decision for every Indian household. So, with proper policies such as a single-window clearance and efficient planning, the real estate sector would indeed be benefitted.

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