There are several facts that point out the obvious profitable situation of the metropolis’ real estate. With an inventory of thousands of notable listings, you can have a selection of profitable commercial as well as residential options to choose from.
While the situation might seem bleak due to the COVID-19 pandemic, there is enough evidence to suggest that profits are being made. Transaction numbers seemed to be dwindling compared with the overall scenario from previous years. However, when looking at the numbers, we don’t find statistics pointing towards a complete halt.
Somewhere in the metropolis, real estate investors are profiteering from their investment ventures. Whether they’re the studios, 1 or 2 bhk flats for sale in South Mumbai, BKC, Thane, Powai or anywhere else, if you invest in the right property at the appropriate time, you’re guaranteed returns.
Let’s take a look at the reasons why you should invest in Mumbai real estate in 2021:
The Demand is Rising
Before the 2020 pandemic announcement, the sluggish stability of the real estate market seemed like a setback for the country’s economy. Given the damages inflicted by the whole situation, it’s a surprise that we’re steadily venturing towards the same state.
When institutions and offices declared work from home protocols, it seemed like the beginning of the demise of urban housing developments. Projects that were on their way to completion and those that were in their handover phase were at risk.
However, with the eventual stabilization of the economy following the vaccine rollout, the demand is also witnessing a rise. People who were stuck in their homes due to lack of employment or work from home protocols are now on their way back.
Easy Incentives Encouraging Entry
Although many of the previously offered schemes and loan programs have been shut down, the market still persists. Prime Minister Modi’s initiatives to encourage entry to the real estate market, especially for first-timers, has been noteworthy. The PMYA loan program with competitive interest rates has been responsible for maintaining market circulation even in the worst of times.
Even now, the stamp duty cut by the government has proved helpful in helping the industry attain stability. Encouraging an increased number of sales for many projects that were at risk of having no sales to report witnessed a rise in buyer interest. As a result, the public regained confidence in the developer market and residential projects.
The Trends are Changing
The market is slowly adapting the CASA rule and it shows. Developers have seemed to learn their lesson with regards to delusional pricing in an already competitive market. Focusing on establishing themselves as credible builders with aggressive pricing seems to be the top priority for them.
Keeping in view the circumstances of the past, developers are more than ready to meet the requirements and demands set forth by market interests. Everyone now recognizes that affordable housing is the most appealing factor that is seconded by amenities provided by the developer.
Developments Are On the Way!
The most important reason why it’s profitable to invest in real estate in 2021 is because of future developments. All real estate investors are aware of the impact this can have on any piece of land, much less the metropolis of Mumbai.
Although it seemed to be impossible, the government has started off on infrastructural projects that aim to enhance transportation and travel time. Metro lines joining the northern ends with the south along with a trans harbour link connecting the islands of Mumbai, these projects will certainly change the landscape for the better.
Even though these projects will decrease travel time by 50% and clear the roads and streets, their potential benefit to real estate isn’t directly related to these projects. Rather, it’s the consequences of these projects that will bring about more developments in surrounding areas.
Moreover, this screams out appreciation for properties near the metro stations and more connectivity for communities near these locations. Areas like Sewri and Dahisar will become land parcels that are well-connected with the whole metropolis. With seamless in-city travel, and the eruption of countless commercial and residential projects, investors can expect high returns on their investment ventures.
Taking into account the above-mentioned reasons, it’s safe to say that investing in luxury apartments in South Mumbai or any other area of the MMR will prove profitable. Evidence and future implications suggest that the right time is now as with each moment that passes, the situation will become clearer to even more investors. Thus, we can expect competition and prices to rise in times to come.
5 Comments
Piramal Vaikunth by Piramal Realty brings to you premium apartments in Thane. It offers 1, 2 and 3 BHK Flats for Sale in Thane west, setting the highest standard of luxury living.
ReplyDelete3 BHK Flats for Sale in Thane west
2 BHK flat for sale in thane west
Thanks for sharing wonderful post! If your dream to invest in top real estate projects 2022. You can choose in this projects.
ReplyDelete1-ATS Pious Orchards is one of the top pojects in Noida sector 150 that offers 3 and 4 BHK apartment.
2-DLF One Midtown Delhi is also one of the top projects in Delhi NCR that offers 1/2/3 BHK flats.
3-Smart World Orchard is a pre-launch residential projects in sector 61 Gurgaon that offers 2.5 and 3 BHK Apartment.
4-Godrej Riviera Kalyan offers 1 & 2 BHK luxury apartment for sale in ambivali, Mumbai.
5-Godrej Park Retreat Bangalore presents 2/3/4 BHK classy flats with the best feature.
If you buy residential property! You can choose many projects in noida. Top 10 Best Luxury Apartments in Noida- Properties in Noida have a well-planned neighbourhood and pocket-friendly market with a variety of developer’s options.
ReplyDeleteThanks for sharing this informatics information. If you buy residential apartment in Delhi for better future. Book apartment in DLF One Midtown Price in Moti Nagar.
ReplyDeleteThanks for sharing this blog that is very helpful for those who wants to invest in residential properties.
ReplyDeleteBest Properties
Real Estate Projects
Godrej Bannerghatta Road
Property in Noida
If you have any doubts. Please let me know