REVIVAL OF HOUSING MARKET
When people look for a new home, it is no longer just about finding the right size and location. They want to buy into an area where there’s plenty of space as well as access to amenities such as schools, colleges so that their children can attend while they work from home if necessary – this has been spurred on by recent changes in society which have seen more individuals working remotely than ever before (or at least taking part time jobs). As interest rates remain low but stamp duty cuts make owning property even less expensive than usual these days; we’re seeing increased activity across all sectors except one: residential housing!
- The housing market was clearly slowing down in the first quarter of 2020-21 due to Covid-19. Residential properties registered a noticeable decrease during third, fourth quarters over average levels before pandemic.
- When the Covid-19 pandemic hit, it had a significant impact on economic activities in the country. The fact is that there was visible slowdown during this time period when housing market activity slowed down significantly from July 2020 – September 2020 and increased again by October of that same year following an official end to all quarantines across major cities with over 3 million population or more than one sixth of the global total at 4%. Residential properties registered per month reached pre-pandemic average levels between these two periods but only achieved about 60% growth rate while everything else like new home sales dropped dramatically under half their previous level.
With time, the housing market of India is reviving. A recent upsurge can be seen in residential properties as schools and offices are being opened.
If you are looking for a property to reside in NCR, then what else is better than The Amaryllis by Unity Group! The Amaryllis by Unity Group has everything you’re looking for. Starting from its prime location to the amenities you get here, your right investment does it all.