Affordable Housing Will Drive Market Post 2nd Covid Wave

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As India continues with its Coronavirus vaccination drive, the positive impact of the inoculation program will also be seen in the country’s real estate segment.

If the improving housing affordability is any cue, India’s residential real estate sector is likely to witness better sales and supply in the January-March period of 2021, the lingering impact of the Coronavirus pandemic on the sector notwithstanding.

In a report titled ‘India Real Estate Outlook – A new growth cycle’, property brokerage firm JLL India has also indicated that new housing supply in 2021 would continue to be in the affordable and mid-segment, with developers attempting to reap the benefits of strong pent-up demand.

As per Elite Fore Realty, Sales Head-Mr. Lalit Choudhary:- In Gurgaon region Affordable Housing will drive the market because in luxury segment customer don’t have option in less budget. Hence the market will continue to surge once the lockdown restriction is eased. Another reason could be pent up demand, most of the home buyers have been halting decision to buy homes due to spike in COVID cases since early April 2021, hence it is almost going to be 2 months gaps hence the surge in affordable housing is sure.

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