Difference Between Agreement of Sale and Sale Deed

There are various terms that are used in real estate and main confuse the homebuyer. We understand that when purchasing or selling immovable property, persons enter into a contract with the seller. It must be noted, however, that the form and format of the agreement can vary. In general, there are two kinds of contracts, an agreement of sale and a Sale Deed. The names of both contracts may sound very similar, so one tends to believe that they mean one thing or the same thing. Let us understand the concept of both

What is an Agreement of Sale? The Transfer of Property Act, 1882, which governs matters relating to the sale and transfer of property, describes the sale contract or an agreement for sale as follows:

According to Section 54 “A contract for the sale of immovable property, is a contract that a sale of such property shall take place on the terms settled between the parties” Furthermore, Section 54 specifies that “it doesn’t, of itself, create any interest in or charge on such properties.”

In simple words, an agreement of sale is a deal to sell a property in the future. The terms and conditions on which the property in question will be transferred are set down in this agreement.

An agreement for sale consists of the following terms:

Proposal to purchase and agreement to sell in future Detailed property description Disclaimer that the property is free from legal obligations Value of the property including payment details Delivery of the original documents on the final payment Execution of sale deed and registration of the same if the titles are found good Method of property delivery Payment reimbursement in the event of improper titles Action course for non-completion of sale on the part of the seller Loss of payment in advance if the buyer fails to complete the transaction Remedy if legal issues besiege the property Transfer of tax-related certificates All other matters related to the proposed sale

Importance of Agreement for Sale:

In view of several factors, signing an agreement of sale becomes essential. Firstly, this is legal documentation of the consumer and seller entering into an agreement on the basis of which, in the event of a disagreement, the potential course of action will be determined. In addition, if you apply for a home loan, the bank will not approve your application until you sign an agreement of sale.

What is a Sale Deed?

A sale deed is a legal document proving that the seller has transferred the buyer absolute ownership of the property. The rights and interests in real estate are obtained by the new owner via this document. The deed should, however, be drawn only after the clear resolution of all the contractual terms of the sale agreement. In addition, it is compulsory under the Registration Act, 1908, to register a sale deed at the registrar’s office.

A sale deed usually includes the following details:

Details of the buyers and sellers (name, age, and addresses) Property description (total area, details of construction, the exact address, and surroundings) Transfer of titles The clause of sale consideration References to the agreement of sale and the price details Transfer of rights, interests, and claim of the property to the new buyer The time frame when the property title will be actually passed to the buyer. The actual date of delivery of possession. A clause that the previous owner does not hold any authority on the facilities, privileges, and easements of the property Compensation to the purchaser for losses arising out of the negligence of the seller or heirs of the asset The authority of the vendor to sell the property. Points of Difference Agreement For Sale Sale Deed

Transfer

It implies the future transfer of property It signifies an immediate transfer of the property titles

Risk Involved

Unless the property is sold in the future, risk/liabilities remain with the seller Risk is shifted immediately to the new buyer

Contract

It is an executory contract. An executory agreement is one that has not been fully implemented It is an executed contract

Violation

Breach of sale may result in a suit for damages Sale breach results in a legal complaint as well as monetary compensation for damages

Registration

It is not mandatory to register the agreement of sale. Nevertheless, requirements can vary across states. Registration of a sales deed is mandatory From a legal perspective, to arrive at a hassle-free closure, it is important to understand the terminologies listed above. A lack of knowledge can not only lead you to legal issues but may also put your investment at risk. For example, if you purchased a house under the agreement of sale and failed to execute a sale deed, then the right to property will stay with the developer even though you get hold of the property possession. Therefore, it is imperative to create a sales deed and have it registered to prevent certain circumstances. Only a stamped and licensed deed ensures the buyer’s possession of the legitimate property.

For any further Assistance, SBP Group is always available for you.

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Buying and Selling Property in the Times of Coronavirus

 

The Coronavirus fears have hit property markets worldwide. Thanks to technology, we are equipped with resources that will help home buyers and sellers through the pandemic. The impact of the Coronavirus on real estate is being felt globally. This, however, may be a temporary setback, as real estate portals gear up to face the aftermath of COVID-19. In the short term, transactions will dip but in the long run, property buying will still remain lucrative and promising

Home Buying/Selling Decisions Midst COVID-19

The fear of being infected has hit commoners majorly and not many people are ready to deal with certain situations. However, SBP Group has managed to overcome the situation with the use of modern technology i.e., virtual home tours and online payment booking systems. With the accurate use of tech, physical visits to the place are eliminated for both buyers and sellers. In addition, it has made them free from the fear of being infected.

The real estate market is hoping for the cooperation of people towards the new normal and adapts the change quickly. COVID-19 pandemic may create a shift towards the new normal and will change the approach to home buying and selling decisions. Earlier, online portals were considered a source of gaining basic info regarding property but it has a major role to play certainly.

A never-before-seen growth related to digital portals in the real estate market has been witnessed since the last year. After overcoming the deadly virus, the use of digital portals is anticipated to remain strong. The use of advanced technology for making property-related decisions is a win-win situation for both buyers and sellers due to the cost-efficiency. Real estate developers are assuming that days might come that buyers may enter the home physically after the purchase.

Methods to ensure safety during house-hunting or selling during Coronavirus!

For Home Buyers

1- Preview Property Through Digital Portals

The digital portals have become highly recommended midst the lockdown is highly considerable. You can preview different real estate projects in the best locations by knowing it all online. This way you can prevent yourself from infectivity and continue with the process of owning your dream home.

2- Know the RERA Portal of Your State to Know About Shortlisted Projects

With the RERA portal of your state, it can become easier for you to shortlist projects with clearance to move into. Taking benefit of online access you can gather up all necessary information and save up your time.

3- Prefer VR or AR for Finalizing Your Dream Property

Once you have shortlisted few properties consider taking the home tours virtually by making optimal use of VR and AR for finalizing your home. Digital methods will ensure proper safety and make property buying easier than ever before.

4- Know The Opinions of Real Estate Experts with Online Sessions

To be more precise about the property can finalize, it is better to know real estate experts’ opinion. Getting in touch online for consultancy will help you make the ideal choice.

For Home Sellers

1- Maintain your Property Well

To sell your property amid coronavirus isn’t easy but not too difficult as well. Consider following the basics of property selling by sprucing up the property to create a positive impact. From making the necessary repairs to a well-maintained property has a major roleplay in creating an impression on home buyers.

2- Let the World Know About It

It is better to invest in better projects so spread the USPs of your property by spreading the word. Let your friends and family know about the property sale that will surely give exposure to your property.

3- Proper Sanitization
The coronavirus situation has made it necessary to opt for proper sanity so consider sanitization of your property to ensure better safety. Keeping a check on the sanity will be an impressive point for the home buyers certainly.

4- Use of Advanced Technology

We cannot stress more that making use of advanced technology for buying/selling property is an effective method to choose for. Post regarding the sale of the property on different digital portals and make it easier for buyers to contact you. You can even consider following experts’ guidance in such a scenario.

If you are confused regarding the home buying or selling decisions, consider connecting with established real estate developers to sort your property related decisions. SBP Group is one of the leading real estate developers who can help assist you with property-related decisions.

The top strategies and years of experience of SBP experts can guide you in the current scenario benefitting you to invest in the right property and save more. Hassle-free call to action makes it easier for you to connect with SBP Group.

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How Will The COVID-19 Second Wave Impact the Real Estate Sector?

India has been hit by a huge second coronavirus wave. The economy has been impacted surely skeptically by the coronavirus wave. The real estate developer has manifested an eagerness to learn from the events that unfolded and impacted in 2020 lockdown.

Maharashtra, Delhi, Rajasthan are some of the major regions that are highly affected due to the Coronavirus outspread. The second lockdown has caused hindrance the real estate, where laborers are migrating outward. Let us have a look into the impact the real estate industry has gone through due to the situation of COVID.

Current Scenario of Real Estate in India

The stringent restrictions and relentless rise of lethal COVID-19 have majorly affected the outlook of real estate especially that of commercial properties. The recovery witnessed in the past six months might get hampered in the real estate as reported in the analysis by CARE Ratings.

Upscale projects in urban areas have been frozen and reverse migration of under construction laborers is affecting real estate and significant adverse changes are anticipated for the prices.

Nowadays, Real Estate Companies are well aware and prepared for the situation thanks to improvised strategies and working in real estate. The recreation & retail activity has witnessed a downfall by 25 percent observed as of April 7, 2021, as compared to February 24, 2021, as per Google mobility data. Nevertheless, strict restrictions on Hotels, Shopping Complexes, and commercial places are confronting challenges and a drop in profit levels. in addition, there is no report when restrictions to visit public places will be uplifted.

Lessons Learned from Lockdown 1.0 and its Implementation

The outbreak of the COVID-19 is worse now but situations in real estate are not as skeptical as compared to Lockdown 1.0. the stringent lockdown restrictions are not imposed which were practiced earlier as only localized lockdown with the exemption for different activities is imposed by Government.

In 2020, a complete 21 days lockdown was announced that caused a major hindrance in work. As stated by the Construction Workers Federation of India that during 70% of laborers migrated in 2020 as compared to the previous scenario migrants aren’t moving in such a large number.

Learning from previous lockdown CREDAI (Confederation of Real Estate Developers Association of India) ensured to provide construction laborers proper accommodation and suffice their basic amenities such as medical assistance and groceries with better hygiene and safety.

The CREDAI assurance can be experienced with practices of COVID-19 regular on-site tests and medical isolation privileges provided. The assurance of on-spot medical attention and enhanced hygiene is a relief for laborers certainly.

The carelessness during the current situation is what makes it worse so it is better to practice safe distancing, proper sanitization along getting a jab of vaccine to prevent things from falling apart.

Expecting Quick Normalization of Situation

Government support and awareness of the current situation is likely to show a positive impact on the real estate sector certainly. The exemptions and localized lockdown by the government are making is helpful to get back to new normal soon. The awareness of Lockdown has highlighted the importance of housing assisting the sales of Residential properties. Online webinars and virtual home tours are some helpful tactics that are proven to be optimal for Real estate.

Given the choice of easier home loan availability, property affordability, and added benefits, customers are attracted to properties majorly.

In addition, according to RBI’s new update on the cut of the repo rate by 25% is making home loans and residential properties an ideal deal for customers. Seeing the effective practices of real estate companies employment opportunities are provided as well which is surely a positive indication amid crisis.

The alarming spike of coronavirus cases construction activities in urban cities like Mumbai, Pune, Delhi, and others must be taken into consideration. desire to own your dream home and properties may drop amid trying times making customers hesitant to invest not knowing what’s next to come.
It is equally important to practice rightful practices such as virtual tours, minimal physical site visits, restrict unnecessary movement and proper sanitization to get back to the new normal. It is the need of the hour to be highly aware of the present scenario and take necessary precautions.

In the end, it can be said that real estate is being impacted majorly especially in a major drop in retail and recreation activity. However, with the lessons learned from the previous lockdown, and implementation of better strategies is being practiced to minimize the impact. The desire to get your own house among home buyers is prevalent and current interest rates are making home deals even more appealing but due to unprecedented situations customers may become hesitant to invest.

We expect situations to get back to normal quickly and once it happens the present curbs shall be put to an end. Stay safe and stay positive for the New Normal.

 

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How to Pay Home Loan EMIs If You Loss Job Due to the COVID-19 Pandemic?

 

We mentioned below are steps a home buyer can take, if his income sources have been impacted because of this crisis.

As we all know that the second wave of the Coronavirus pandemic assumes massive proportions. Those who are servicing long tenure loans like home loans have additional reasons to worry, apart from staying safe during this crisis. How would one pay the home loan EMIs, if they were losing their job?We are highlighting apt measures to opt, in case you lose your job to pay EMIs, considering reading until the end to know more.

7 Apt Measures to opt to pay EMIs if you Lose Your Job

1. Seek Benefit from Moratorium period/EMI Holiday:- In the Year 2020, RBI showed an attempt of relief to EMIs payers amid the Novel COVID-19 Pandemic along with dropping the repo rate by 4%. People encountering struggle to pay their EMIs could postpone payment under Moratorium. You can look for the benefit as once you are able to pay the EMI with Interest and your credit history will be fine as well. In April 2021, RBI governor Shaktikanta Das said there was no need for a loan repayment moratorium ‘at present’, stating that businesses were better prepared to face the situation.
2. Use Provident Fund:- Dearness allowance (DA) from the Provident Fund can turn out to be helpful in paying the cost of EMIs. In march 29, 2020 government permitted 60 million subscribers for the Employees’ Provident Fund Organization for withdrawing 75% from their savings.
   Provident Fund would be sufficed for EMIs till you find your next job. Additionally, short term credit period makes the provident fund option, a righteous choice to go along with.
3. Pay from Severance Money:– When the organization terminates any employee, the organization tends to offer money that is equal to salary for the tenure of the notice period. The amount you get paid as severance money can become a big relief in such a crisis where your credit history wouldn’t be ruined as a defaulter. If the money is paid handsomely, it will be enough to save one from the additional interest in case of missing an EMI.
4. Gain Benefit from Investments:-
   Investments are meant to come in handy in such times so digging into your investments is an effective method to pay EMI. By breaking recurring deposits or fixed deposits. Borrowing money from lenders at reasonable interest is another optimal way to pay off your debt. Lending Money on Investments made is a preventive measure from paying hefty interest for defaulting home loan EMI.
5. Pick for Loan against Insurance Policy:- Do you know life insurance cover is an aid that will be proven to be beneficial in such circumstances? In case you have left no option to pay EMI, choose to pick for loan against the insurance policy. Insurance Company will help to disburse your demand quickly as per details and debt amount would be something suitable & convenient for you to pay. In contrast to the personal loan, the interest rate on a loan against an insurance policy is much cheaper and borrower-friendly.
6. Asset Liquidity to Pay off Debt:- Liquidate your assets at this juncture for paying off the debt of a Home loan. Selling gold or other jewelry can arrange adequate funds to meet your requirements. Gold prices are often at a high spike nowadays benefitting you to attain maximum from liquidating your assets. Selling off your personal assets such as electronics, automobiles, and others may allow you to arrange a handsome price in such need.
   Financial institutions do offer loans against gold and the interest rate on gold loans is quite appealing starting from 7.25% to 18% P.A. Furthermore, Gold Loans are easily available if the asset is premium.
7. Assistance from Family & Friends:- Taking support from family and friends who can afford to lend you money for time being Additionally, support from family & friends will provide you the advantage of not paying higher interest on the borrowed amount, along with if you are not able to payback on time you can ask to extend the tenure which wouldn’t be difficult.

Nevertheless, it is suggested to make the duly payment of the borrowed money as being a defaulter in such cases might distress your personal relationships.

In the end, there are considerable measures that can come in handy to help you amid the COVID-19 pandemic to pay your EMIs. Choose the most suitable option mentioned above to prevent from defaulting your home loan EMI and stay safe.

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What are Post COVID Impact on Real Estate?

 

The Unprecedented Outbreak of Deadly Corona Virus has shaken the world thoroughly. The COVID impact is quite evident in all these sectors however it has lead major impacts on Real Estate in India. The second wave of Corona has spiked thirteen fold increase in cases with an active number of 3,79,308 cases.

In the Year 2020, everyone Learned New Normal of Work from Home however there are different changes that took place in real estate. Due to Lethal Resurgence of COVID-19 real estate may get off track Despite the New Normal as reported the Realty Experts. In India corona cases has surpassed United States and Brazil in terms of active cases with 12.8 million cases. The Corona Spike has affected Big Cities like Maharashtra, Delhi, Rajasthan, Gujarat and Orissa extremely. Strict Restrictions have been imposed in different side of nation with Night Curfews, Weekend Lockdown, and Part-Lockdown.

Observing the Current Condition, Home Buyers are likely to get affected due to COVID-19 and Demand for Real Estate property may fall as well. However, Different Practices are getting into force by Banking Institutions for instance Apex Bank on April 7, 2021 chose to sustain Policy rates with Status Quo. In addition, SBI has decided to Raise Home Loan Interest Rate by 0.25% which is a clear indication of Banks backing off from low interest rate scheme imposed in the previous Lockdown in 2020.

Major Impacts:

1- Increase in Affordability of Properties

A Major Impact is to be anticipated on the behavior of Home Buyers as Home loan Interest rates are low but with higher exemption. Residential Sector may witness the higher sales considering the Sales number during January to March 2021. Home buyers can attain Home Loans at 6.65% annual Interest as RBI is going with Continue with the same Repo Rate that is 4%. For the Home Buyers it turns out to be the happy news as contrast to January 2020 where a higher rate of 8% was witnessed. An affordable housing will be a favorable outcome to occur proffering an opportunity to acquire Properties with affordability.

2- Downfall of Commercial & Retail Real Estate in India

Pandemic effects can be seen as a serious concern for the Commercial & Retail Real Estate in India as work from home concept has dropped down the leasing deals of the Office spaces. an amount of 35 lakh sqft in Jan-Mar 2021 has been declined that was 70 lakh sq ft as correspondence period in the Year 2020. Therefore, leasing transactions are likely to witness considerable downfall in the Retail Real Estate.

The Demand of the Flexible Workspaces has surged and also turned out to be a hit. In accordance to experts Flexible workspaces shall increase by 38 mnft in next one Year. The lockdown extension has made big downfall in Commercial & Retail Real Estate if it continues it may lead to serious concern for the industry.

What’s Good amid Pandemic?

The Higher spike in the COVID cases and restrictions is an adversary for everyone. Nevertheless, if we see what’s good in such situations there are considerable points that may arise a ray of hope among the realtors.

Restored Normalcy Due to Vaccine

The Year of 2020 introduced new lessons to everyone where we got introduced to new normal but also faced complications due to the lethal virus however in 2021 AstraZeneca’s Coronavirus Vaccine has given a sigh of relief. Economy is expected to witness momentum in 2021 & higher optimism due to introduction of Vaccine. A significant improvement in the economy status will be evident that’ll surely lead to higher growth.

Considering the current reports, Residential Housings is again getting stronger in sales and impact of coronavirus anticipated to be minimal in contrast to 2020. This is a clear indication of the full-fledged recovery of the Real Estate & reformation of multiple Efficient Strategies.

Rise of Remote working & Digitalization

The rise of remote working and digitalization is on peak all thanks to Covid Impact. the unprecedented situation made people smarter & efficient to find new way of working. A prolonged lockdown experiment has helped people not only to break the corona chain but to also exercise daily jobs with the help of digitalization. Multiple Revenue Targets have been met in commerce with the active access through digital Portals. in addition, rise of digitalization has taken down all the limitations related to work as now it can be completed from the comfort of home as well. accordingly, increase in efficiency and productivity of the employees without any wastage of time is a win-win situation.

Hence, we can say that technology has come out as the saving grace and key to cope up with Businesses.

In conclusion, Post COVID Impact in 2020 had extremely impacted the Real Estate. Better Days are expected in 2021 as amid growing corona cases Increasing Demand for Residential Properties is a evidence of it for Real Estate sector. Here’s an opportunity as during this time, Realty Experts in different sectors can readdress strategies for coping up with Pandemic Damage. However, the widespread of Corona cases has enlightened the need of Modern approaches to Business with transformational methods.

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Real Estate Best Investment Option during COVID Times

The Outspread of the lethal Coronavirus has affected the economy adversely. The entire nation has gone through a roller coaster ride due to the COVID-19 crisis. In between the entire chaos, one sector that has witnessed positive impact is No one else but real estate.

Amid COVID situations, there are considerable factors of the Real Estate Industry that makes it an ideal choice for Investment. Investment is a decision that must be taken with precision so here we are drafting points that can help you understand why Real Estate Investment during COVID Times is the Perfect Choice for You.

A Stable Investment Option

Investment is a vital choice that helps you coin up the big returns from hard-earned money you invests. There are a few considerable Investment options such as Stock Market, FD, Gold but Real Estate turns out to be the finest among all of them. Due to the ongoing COVID Situations, every other investment has become highly volatile but real estate is the Only One to be safer one. Not everyone in the business is a risk taker so the stability of asset turns out to be prime benefit assuredly.

Affordable Option

Residential Property Investment is ideal thanks to the Lower Interest Rate on Home Loans. Observing the Surveys taken by Industry Experts and Realtors it can be concluded that 50% of COVID 19 Investors in the Metropolitan Cities are keen to bounce back in the industry in the upcoming 3 to 6 months. Ready to Move Property options are being offered to the Buyers adding to their convenience with Higher Bank Loan availability.

Additionally, the Reserve Bank of India (RBI) has done Rate Reduction on the Repo Rate with a reduction of 7% levels assisting Home Buyers. Budding Home Buyers should not let go off this Lucrative Offer on Asset Possession. A Lower Interest Rate means Lower Rate of EMIs and Higher Savings adding to Safety of Future.

Consistent Government Support

In the contrast to the previous Real Estate scenarios, Government is being generous by presenting active Fiscal Support. Demand for the Residential Properties is witnessed to be higher especially among the Local. In contrast to 2008 when Interest Rate was on peak, today’s Rate Regime is Lower making Real Estate Investment a Stronger Choice. The Positive Impact of the Current Scenario is majorly evident among Realtors based in Metropolitan Cities where even midst COVID-19 Pandemic Recovery Rate is Higher. 

Lucrative Deals

Downfall in all sectors is a sad reality and the forthcoming of Uncertain Times may defer demand for middle class but easy payment plans things are expected to be balanced. Types of Deals Realtors are provided with nowadays is unlikely to be given without any festive occasions. High Prestige Developers may not present direct Lower Rate on Property Possession but complementary deals like off on car parking or waiver of charges is expected to be offered. The present interest rate is undoubtedly taking Real Estate northwards as a whole sector.

Multiple Investment Options

Real estate provides Investors the benefit of choosing Investment option as per their convenience. With a wide variety of Real Estate Property options, Investors are Free to Invest and access the world of benefits. From buying Residential Properties to Investment in Hotels, Retail Malls, Offices, Warehouses, & Leveraged Assets are great options to go along with.

Drop of Interest Rate is the best deal for Real Estate Investors amid such trying times. As mentioned earlier realtors can get possession of properties at lucrative deals & complimentary offers on Both Residential & Commercial Properties. Equity Appreciation on Residential Property & Rental Income & Investment Returns on Commercial Investment is a true reward for the Investors.

Buyers’ Market

Looking back at Previous Times of Real Estate where the Global Economy went under unfavorable situations such as the Oil Crisis, Dotcom Crash or Global Financial Crisis in 2008, the current scenario of Real Estate in Pandemic is far better. Nowadays, Financial Institutions are in a better position and offering Lower Interest Rates to grant loans which is favorable to the Buyers.

Developers have managed to outspread themselves across multiple sectors such as vacation Homes, Senior Residences, etc followed by Multiple Relevant Projects. When we take a look at such an outspread industry, the Real estate market is extremely favorable towards Property Buyers.  

In conclusion, we can say that Real Estate is certainly the best decision to choose amid the COVID-19 Pandemic as an Investment Option. Reviewing the wide variety of options to Invest, Lucrative Deals, Lower Rates offered by Financial Investors, all add to the supremacy of the Real Estate Industry. Nevertheless, some may not find Real estate convenient due to Lower Capital Appreciation during trying times. It is important to understand Rental Income has not always turned out to be a steady Option for Investment. Henceforth, Investment Options must be thought over and should be done with precision on the finest location with Industry Experts.

 

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Home Sales see 134% Jump in Top Cities

The Coronavirus Pandemic, being an unprecedented event, brought with a lot of chaos. Everyone across the globe suffered due to the impact the pandemic had on every sphere of life. The unfamiliarity brought with a lot of uncertainty that hindered the overall routine life of everyone. The pandemic also lead to the imposition of a nation-wide lockdown in India which hindered with the growth or even normal functioning of every sector. Real Estate has been among the worst hit sectors due to the decline in overall home sales. Initially the sector faced a lot of loss; however, there has been a turning point that has been witnessed.

Normality is being restored and with that all the sectors are making a fresh and progressive start. The post Covid world, gradually falling into place is giving way to new opportunities for all the developers. The top real estate developers like SBP Group is gaining a lot of momentum in the meantime due to their credible image and consumers trust earned over time. Even though it cannot be said that all the states are powering through the situation equally well but the top cities in India sure are emerging despite the unfortunate circumstances with a beacon of hope for all the others.

Housing Sector is paving a way towards a strong recovery as the home sales in the recent quarter has seen an enormous and evident increase of up to 134 percent. One of the major reasons behind this increase is the decline that was faced by the sector. The decline lead to an all time low in the property rates which made it easier for people to make investments. Many people saw this as an opportunity to buy a home of their own or even invest in a asset which will be more beneficial and rewarding compared to the returns from stocks.

The major reasons for the same are also the Record low home loan rates, Discounts as well as Incentives being offered by Developers. Lower taxes are also an aspect worth considering while acknowledging the positive shift in the consumer behaviour.

Developers are making the most of this opportunity by luring in consumers with amazing offers and additional benefits, meanwhile, the Homebuyers are making optimum use of this to invest in a home of their own.

Considering the Pandemic, many people have realized the value of possessing a home as it provides a sense of security in times of uncertainty. The potential buyers who were looking for homes right before the lockdown are also making their long-awaited investments in the present time. Developers are also taking an initiative by providing lucrative payment plans etc.

The Indian Government has always introduced many policies and reforms to help the Real Estate Sector overcome the hurdles it has been faced with. Home Loans have been made easily accessible to people who wish to avail it. The rate of interest has also been relaxed to benefit the Banks as well as increase the inflow of money.

In Addition to all this, the advent of the Festive season has enormously impacted consumer behaviour as most people wish to make big purchases as well as investments during the auspicious season. The festive season also brings with it a lot of festive offers by the Developers, over and above the already existing offers. Major Indian festivals like Navratri, Dhanteras & Diwali are considered the best, in terms of auspiciousness, and the investments made during this time are believed to bring in a lot of fortune and positivity into the lives of the people.

The upsurge has mostly been witnessed in the Top seven cities considered best for living and in terms of employment opportunities. The Most prominent home sales have been made in Chennai, Hyderabad, Pune, Kolkata, Bangalore & Mumbai, etc. During normal times, investing in Property in these cities is quite difficult as the value and price of a property are quite high. The home sales price slashes have encouraged a lot of people who have always wanted to own property in these cities to finally be able to afford them.

In conclusion, despite the many challenges the real estate sector has faced due to the Pandemic, it has redeemed itself and emerged stronger than ever. It has been with the collective effort of the Developers like SBP Group who have taken the initiative to recommence the high inflow of investments. Additionally, the reforms extended by the Government to benefit the Developers as well as the Homebuyers have always played a role in the overall Growth.

If you are willing to Invest in Real Estate, right now is one of the best times to consider it without a doubt. If you are looking to invest in property in Punjab, you must take SBP Group into consideration. The Group offers affordable luxury housing options that are suited for everyone regardless of their preferences as the SBP’s Projects have it all.

In Case you have any Queries, Visit Our Website or Contact Us Via Our Social Media Handles.

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