- The boom in the last 2-3 months is expected to continue next year
- Demand will continue to improve due to new realty destination
- Returns from investors will also benefit real estate sector
2021 could be a hopeful year for the real estate sector facing a major crisis during the coronavirus epidemic. People associated with the real estate sector say that the boom in the last 2-3 months due to low interest rates may continue next year. Realty experts say that after Corona, people are getting attracted to buy their house. Due to this, there may be good demand in the residential segment.
New project around highway and expressway will increase demand
Subodh Goyal, Secretary, Western UP of the Confederation of Real Estate Developers’ Association of India (CREDAI), says sales have increased in both the residential and commercial segments over the last 2-3 months and both are seeing steady growth in demand. According to Subodh, this growth will continue in the next year i.e. 2021. Subodh Goyal says that large infra projects are going on around highways and expressways in the country. In addition, urban development has created new realty destinations.