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Housing sales in volume terms is likely to decline 34 per cent this fiscal because of the COVID-19 pandemic but demand is expected to rise in 2021-22 from a weak base, according to India Ratings and Research. The agency expects the residential real estate sector to stage a sharp K-shaped recovery in the next financial year. The overall floor space sold is likely to increase by 30 per cent YoY (year-on-year) in FY22 after a 34 per cent YoY decline in FY21, it said in a statement. The agency emphasised that the overall sales in FY22 could still be around 14 per cent below FY20 level.
The prospective buyers can save between Rs 2 lakh and Rs 21 lakh in this flash sale.
Tata Housing will launch The Final Rush , a national flash sale applicable on 15 projects across India, the company said in a statement. The flash sale, which is applicable for a limited time period of 72 hours, will go live on March 12 and will end on March 15. The offer is applicable on a limited Inventory of 150 units and 15 projects ranging from Rs 20 lakhs to Rs 6 crore. The flash sale will enable homebuyers to make big saving ranging from Rs 2 lakh-Rs 21 lakh, Tata Housing said. The company is conducting the flash sale keeping in mind the end of financial year this month, along with an additional government benefits on stamp duty in Maharashtra and Karnataka, it added.
Homebuyers are actively looking at purchasing prime residential properties, she said. HDFC Home Loans and India Sotheby s International Realty are jointly organising Delhi Luxury Home Fair 2021, an online property show during March 6-21. The show will exhibit luxury properties including ready-to-move-in homes and new developments across Delhi NCR in a price range of Rs 5 crore to Rs 150 crore. HDFC always aims at giving customers the best value and service on home loans. With a circle rate reduction of 20 per cent in Delhi and home loan rates at a historic low, home buyers are actively looking at buying good quality property, said Renu Sud Karnad, Managing Director, HDFC Ltd.
Read more about Budget: Realtors expect subvention scheme, measures to boost demand on Business Standard. The housing market is reviving from the lows hit last year