The Corona epidemic has reminded the general public of the homestead whose research has seen rapid growth in the second quarter in the real estate sector. The real estate sector in the country’s tier-1 cities topped the list with a 64 per cent growth in sales. According to a report by real estate research firm Liasis Force, 2959 houses were sold in Ahmedabad during the April-June quarter, which increased to 4856 units in the second quarter from July to September. is showing. In most of the metro cities of Gujarat, the footfall of consumers in the housing sector has reached 80 per cent. To give priority to the real estate sector, the government has reduced the GST rate on housing from 12 per cent to 5 per cent, which is benefiting consumers a lot.
Operations in Gujarat’s real estate sector were suspended till May due to the Koro epidemic in Gujarat in March. However, Covid had been going through tough times for the sector for the past six months. However, Gujarat and Ahmedabad are recovering faster than other states. Corona has changed the way people live, which has led to a rush of consumers to buy a home. The number of project registrations in the affordable housing sector is steadily increasing. The important aspect is that interest rates on housing loans have reached within the lowest 7 per cent which has led to good growth in the sector. The real estate sector has also seen a rapid recovery as the government has directed loans up to 90 per cent of the value of the house.
Ahmedabad’s real estate market in pre-Covid position at launch
In Gujarat, there is a huge demand in the housing segment. Not only this, the developers are also booking for the registration of new projects. Prior to Covid, an average of 150-180 projects were registered per month, which is now the case. 150 projects have been registered in July and 119 in August. At present, the project launch ratio in Ahmedabad has reached the level of Covid East. Don’t be surprised if the number of project registrations reaches 200 per month in Gujarat in the next short period.
As Skyline approval customer demand began to arrive, the project would launch
Construction is allowed up to 70 floors. In Ahmedabad, inquiries for buying a house have started coming up in the skyline of consumers, the investigation of which has been started by the top developers-builders in Gujarat. First of all, skyline buildings are likely to be constructed in Ahmedabad, Surat and Baroda.
Ahmedabad tops with sales growth of 64%
Ahmedabad also tops in price growth
(Note: Price averages per square foot)