Gurugram: With encouragement in the sale of housing units, the housing market in NCR cities seems to recover after the second covid wave.
Compared to the first half (H1) in 2020, housing sales at H1 (2021) rose 20%.
According to the latest consumer survey report by real estate consultants, Anarock, housing sales figures at H1-2021 stand at 12,300.
The report also stated that the nature of the budget, which was valued between Rs 45-90 lakh, was most preferred now compared to affordable housing.
According to the report, affordable nature takes the back seat because their part in sales decreases from 36% to 27% – a decrease of 9 percentage points – after the second wave.
Also, part of the budget properties (RS 45L to 90L) remains at 35%.
Prashant Thakur, Head of Research in Anarock, said in seven top cities, the maximum affordable housing request came from Pune, followed by Delhi-NCR and Kolkata.
Furthermore, about 25% of property seekers prefer to buy a house in the range of 1.5 crore rs 90 lakh-rs.
He said the request for luxury property (> Rs 1.5 Crore) also increased – from 11% in the last survey during the first covid to 13% in the latest survey after the second wave.
Nayan Raheja from the developer Raheja said even though the second wave was more destructive than the first wave, the need to find a larger house in a lower density community rose.
“The real estate sector has testified of this because sales take off from June 2021.
Affordable housing and intermediate segments benefit because they meet the need to have the first home instead of rented accommodation, and luxury homes are obtained because the larger ones are open.
Area what he offered, “he said.
Amarjit Bakshi, CMD from Central Park, said sales began to take, especially after June 2021, which eventually included a low picture in the early months.
“The luxury segment has gained in the current scenario, especially in Gurugram where demand exceeds supply,” he said, adding that the survey, which showed the percentage of luxury housing sales shares had increased over the past few years, although only for developers were sent on time.
CEO of Rise InfRaventures Sachin Gawri estimates that the market will reach the sales figure of pre-2020 in the coming months.
“In almost every segment, demand has surpassed supply, which is a good sign for developers because quality projects will be absorbed soon,” he added.