Housing Sector: There has been a huge increase in property prices and home loan interest rates have also become expensive by 2.50 percent. Despite this, it has not affected housing sales in the first quarter of 2023. There has been a 15 percent jump in property demand in the first half of 2023.
Real estate companies’ body Nardeco and Housing.com have released their outlook regarding the sentiment of the housing sector, according to which, despite the rise in house prices and home loans becoming expensive, there is a huge increase in housing demand in the second half of this year. Can get it. 59 percent of potential home buyers are looking for a ready-to-move-in home that fits within their budget. 58 percent home buyers want to buy houses from builders while 42 percent home buyers want to buy houses for resale.
NARDECO President Rajan Bandelkar says that due to rising property prices and expensive home loans, exemption in stamp duty and GST for home purchase can prove to be very helpful for home buyers.
Home buyers are giving maximum importance to discounts, gifts and incentives while buying a house. Facilities like stamp duty, registration and GST exemption, maintenance free period, guaranteed rental income and covered campus are being given maximum priority while buying a house. Home buyers are looking for modular kitchen, chimney, cabinet, etc. to buy their dream home. Home buyers are giving maximum importance to the white goods like Budwork, Lifetime Free Club Membership, Fridge, AC, Home Automation, Water Purifier which are present in the housing units.