The slowdown in the economy. The current impact of coronavirus, developer defaults, bankruptcies, and the NBFC crisis have significantly contributed to the decline in residential property sales. Even a few real estate agents in Newtown have nodded in agreement with the ongoing slowdown trends in the realty market. But alongside they have also steered the attention of the investors and property buyers to engaging big hoardings and advertisements. This is to spark curiosity among real estate activists. To find out the true nature and current scenario of the business in these trying times.
There is nothing constant except change. We all know how the real estate sector has been a victim of demonetization, GST implications, and coronavirus attack. This has given way to a shift in the perspective of the major players in the market. Now on developing & selling affordable, budget residential properties that take into consideration essential facilities and not elucidate luxury benefits.
A positive change in this regard is the decreasing housing loan rates, making it easier for the middle-income section of the society to invest in their dream home. Thus, in a developing country like India where most of the population falls under the middle-income segment.
It is true that finding the correct property without a key understanding of it. The real estate market in this new normal can prove to be a tough decision. Therefore we recommend you to consult Property360 . The company has the best real estate agents in Newtown to help you find budget residential apartments. Check their website for additional information.
Contact us at the The Roof WP office nearest to you or submit a business inquiry online
Contact Us