New homes supply and sales showed a significant improvement in the fourth quarter of 2020 (Oct–Dec) in line with the ongoing economic recovery with government’ initiatives and increased market confidence providing an added growth impetus.
Ever since the lockdown was imposed in March 2020 with Coronavirus scare at its peak, it seems the built environment of the Indian real estate is experiencing the Placebo Effect. The Placebo Effect is when an improvement is observed, despite an individual receiving a placebo as opposed to active medical treatment. In medical fraternity, it is estimated that 1 in 3 people experience the placebo effect. It seems every stakeholder, barring the home buyers, is experiencing the Placebo Effect in the property market.
If the Indian real estate was gasping for breath since long, Cronavirus has further pushed it to the ventilator. Track2Realty in an online poll finds that the challenge is no more limited to the unsold inventory, liquidity crisis & buyers’ reluctance, but to keep the existing buyers stay afloat. Job losses and salary cut threatens to make foreclosure a reality now.
A large share of global buyers (NRIs & HNIs) don’t wish to invest in the Indian property market. 78% of them have their own reasons to look towards overseas property market. The recent banking woes have further dented their confidence to invest in India. They also feel that the property prices in India are way too higher, compared to the overall value proposition on offer.
Track2Realty pan-India survey invites mall visitors across 20 cities to pick their choices for the top malls.
The festive season has traditionally been an active period for real estate sales as many buyers consider Navratri and Diwali an auspicious time to buy property. Like in previous years, developers this year have sweetened property deals – some up-front discounts, or more commonly 0% GST (which is in any case not charged on ready-to-move properties), waived stamp duty and registration charges, free reserved car parking, modular kitchens, etc.
Maxima is a boutique development consisting of a single tower up to 36 storeys. The project is RERA registered and the construction is going on in full swing. Maxima is strategically located at JVLR, Andheri East and offers excellent connectivity to prominent business districts across western & eastern suburbs, airports, the upcoming metro line and social infrastructure around.
Given the dynamic civic and social infrastructure in the area, the project lies in close proximity to posh localities- Versova, Lokhandwala and Juhu. The project is located between the two major connectivity nodes of New link Road and Veera Desai Road. Some of the major connectivity and infrastructure projects announced like the upcoming metro lines add considerable leverage to the acquisition. The project has easy access and direct connectivity to most of the Mumbai via road and metro.
Dubai has always been a popular destination for Indians, not just for vacationing and shopping, but for the overall aspirational lifestyle it offers. Due to Dubai’s diverse population and cosmopolitan lifestyle, the city offers its residents and businesses a unique environment enriched with hundreds of cultures and a quality of life and work unrivalled in the Middle East.
Under this offer, buyers who will be purchasing home in any of the two towers of Dosti West County i.e Dosti Oak (Phase-1) a 30 storey tower and Dosti West County – Dosti Cedar (Phase-2) a 33 storey tower with the configuration of 2 BHK and 3 BHK will not only be entitled to get the benefit of furnished homes by IKEA, but will also be able to avail the benefit of ‘No Stamp Duty and Registration Charges’ which will be valid till August 5, 2019.