Why Rising Property Sales In India ?| Property Mishra Show
The Indian real estate market has been witnessing a surge in property sales, attributed to several key factors. Firstly, the growing urban population and rising income levels have increased the demand for residential and commercial spaces, especially in metropolitan cities and emerging urban centers. Additionally, favorable government policies such as the Pradhan Mantri Awas Yojana (PMAY) and initiatives to boost affordable housing have encouraged homebuyers to invest in properties.
Moreover, the low interest rates on home loans and attractive financing options offered by banks and financial institutions have made property purchase more accessible to the middle-class segment. The shift towards remote work and the need for larger living spaces amidst the COVID-19 pandemic have also fueled the demand for homes with amenities like home offices and open spaces.
Furthermore, the Indian real estate sector has witnessed a gradual recovery from the impact of the pandemic, with developers adapting to digital platforms for marketing and sales. Despite challenges such as the real estate inventory overhang and regulatory reforms like RERA (Real Estate Regulation and Development Act), the market sentiment remains positive, driving the upward trend in property sales and prices across the country.
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