Rohan Khatau, Director, CCI Projects Pvt Ltd, Rivali Park, is expecting a bounce back for the realty sector in the coming months…
“As we progress towards 2022, the learnings and experiences gathered from the fruitful year of 2021 presets a positive outlook for the upcoming year. The second wave of the pandemic has brought in a transformation into our lifestyle that has helped people adapt to situations better. Dynamic changes in the homebuyer preferences, upsurge in demand for homes located in the suburban and peripheral parts of the city, hybrid sale process (virtual tours/ on-ground site visits), rising significance of townships and mixed-use development and more.”
“The benefits of stamp duty cuts, unchanged repo rates and government initiatives like the SWAMIH Fund were well received by the homebuyers and developers. The sector stood resilient during the second wave of the Covid-19 pandemic. The steady rise of demand in the third quarter particularly in a few micro-markets due to the presence of modern amenities, green vast open spaces and tranquility supported the bounce-back of the industry. With support and aid by the Central & State government and the sector, we hope a much stable recovery is witnessed in the forthcoming months.”