As the year 2020 covered us like a dark big cloud, we all were looking forward to the year 2021 as the silver lining. We at Ravi Group believe that there are plenty of reasons for this year to become one of the most important years of mankind. As not only vaccine is on the chart but the slump we faced in the previous year will also be amended. The world is looking forward to this year to utilise it to the maximum. One sector that everybody is looking forward to contribute the most during this year is the real estate sector and developers in Mumbai are all geared up.
After three long years of business disruptions caused by demonetisation, GST and RERA, the real estate in Mumbai had started stabilising and the previous year was meant to be a year of recovery, especially the housing segment. But the COVID-19 global pandemic hit and all hopes were thrashed as the government imposed a national lockdown to curb the deadly disease. Instead of recovery and growth, 2020 turned out to be disastrous for real estate developers and brought down 40-50% of business in the residential segment.
2021 is going to be different for real estate developers as we inject new hope and positivity into our lives. All the developers in Mumbai are looking forward to make the most of it by driving sales through a new mechanism. Some of the trends that will prevail in the realty sector are as follows:
The developer’s Angle – Big players will capture a higher market share due to strong financial backup. Investment assurance will be the key as most stressed and weaker players have already started diversifying their assets.
The Government’s Role – The real estate sector supports around 250 other industries, hence the government will play a key role in boosting the realty sector especially the Residential Property in Mumbai through new schemes and tax exemptions.
The Investor’s Concern – Indian or foreign investors alike will shift towards the commercial segment as the demand for a safer workplace grows rapidly across the globe in light of the current situation.
The Buyer’s Delight – If you have any plans to invest in Residential Property in Mumbai then this is your year. There are plenty of reasons as to why investing in Residential Flats In Mumbai in 2021 is optimum. Firstly, you will be buying at the lowest prices ever in the last 15 years. Secondly, all the major builders and developers are coming up with incredible offers and flexible payment plans to lure buyers. Thirdly, the banks and financial institutions will also come up with reduced interest rates and easy loan processing and repayment options to overcome the stagnancy.
All these will be topped with exclusive offers and discounts during the upcoming festive seasons to increase the sale of Residential Property in Mumbai and the road ahead looks promising for investing as this was one of the lowest financial extremes for almost a century and things will only go uphill from here onwards.
At Ravi Group, we are also looking forward to the year ahead and contribute towards the nation’s progress. With vision aligned with our investors backed by financial surplus, we look forward to making your dream of investing in Residential Property in Mumbai a memorable one.
Looking flats for sale in mira road? – Check out our projects Ravi Group
Gaurav Crest offers 1 bhk flat in mira road and 2 bhk flats – Click here.