Shrikant Shitole, President – CREDAI MCHI-KDU and Managing Director – Tycoons Group, pins hope on technological reforms and government’s initiatives for the sector’s revival.
“The year 2021 has been an eventful year for the country’s real estate sector. Anticipating the uncertainties, lockdown 2.0 caused a minimal disruption in the industry. The state government reforms like an extension of stamp duty reduction and concession offered to women homebuyers have all contributed towards sales acceleration. The fast-paced Covid-19 vaccination drive, homebuyers’ inclination towards micro-markets like Thane-Kaylan-Dombivali and steady demand for mixed-use developments have improved market sentiment of the real estate sector.”
“The festive season added further cheer to the sector with new project launches and a healthy response from the homebuyers. We look forward to welcoming 2022 with a ray of hope to see further revival and steady growth in the sector with the adaptation of innovative digital marketing, construction technology and timely government reforms being in place.”