The positive trend in property sales market, aided by low interest on housing loans and recovery from the pandemic situation, will reach its crescendo during the forthcoming festival season, according to experts. Buyers will show interest to invest money in properties during the festival season as they feel that the season is auspicious for making investments. The increase in interest rate on housing loans from 6.6 per cent to 7.9 per cent did not dampen the demand for properties. This is attributed to the rate of interest on housing loans is comparatively less when compared to interest prevailed prior to Covid-19 pandemic situation. Several surveys indicate increased demand for residential properties in Mumbai Metropolitan region, Delhi-National Capital Region, Chennai, Kolkata, Bangalore, Hyderabad, Pune and Ahmedabad.
• Reputed builders are likely to draw up plans to dispose of more and more flats in the festival season. On account of augmented cost of construction, some builders are likely to increase the prices. Some buyers are interested to buy flats that are ready for celebration of house warming since the property prices have already increased in Hyderabad property market. The demand is universal for the affordable housing units. Many will evince interest to buy them. However, one can count builders of such affordable housing units on finger tips.
