However, even in these bleak and monotonous situations, we have
to find fresh hopes that new trends will accelerate the future of Pune’s
market. We all know that this year was not different from the last few years
for new home buyers, says Anuj Goel Pune.
It was a tough year for the entire Indian real estate. The ongoing liquidity
crisis, slash down in GST and repo rates were also not much effective to bring
any change in the market trends.
In the past, prices were dormant and the developers mainly
focused on clearing the inventories rather launching new projects. Undoubtedly,
the property market in the metro and other big cities in India is a promising
field for investments. He further adds that this craze for affordable housing
is going to stretch in the future as well. The Pradhan Mantri Awaas Yojana is
transforming the entire residential sector. Both the demand and supply are
ticking up this industry.
As the government is promoting both the developers and the home
buyers equally. With various subsidy plans and schemes to avail, and the
benefits of home loans are affecting the entire housing sector. The recent
Smart City campaign has influenced more than 100 cities in India. This
situation can prove beneficial for Goel Ganga Developments and others in Pune
to invest and make the best out of this opportunity. This drive has affected
the entire construction industry to large extents.
In the words of Anuj GoelPune the real estate market is supposed to achieve huge profits in the
coming few years. No doubts, Pune’s real estate includes retail, commercial,
and hospitality and all of them are expanding significantly in the desired
direction catering to the needs of developing India. The progressive growth of
MNCs, automobile plants, e-commerce brands, hotels, etc. have inflated the
demand for influential real estate ventures in Pune in the last two
decades.
The increased rate of investments and developments in this
industry are making a positive impact on future trends. The speedy progress in
the urbanization has increased the need for residential properties in Pune.
This trend is not untouched in the Metro cities like Chennai, Gurugram,
Chandigarh, Nashik, Bangalore, and Hyderabad also. They are becoming a hotspot
destination for the new home buyers. The result is a huge overflow of luxury
and affordable flats with the best amenities in the past few years from the
house of Goel Ganga Developments,
Pune.
As per the RERA Act regulations, the builders had to register
their ongoing projects and give routine updates on the current status of their
projects on the websites. This step has expedited the delayed deliveries of
houses. The builders will be forced to pay heavy penalties if found dishonoring
the laws. The added articles for the rights of the home buyers under the MAHA
RERA act is a huge win-win moment for Pune's market. It has changed the mindset
of the customers and proving beneficial for the reputed builders in Pune, says Anuj Goel Ganga.
The Finance Minister has come up with an imperative statement in
a recent event to help the realtors on a big scale. Soon a stress fund will be
released from the government’s end to ease the at present situation of the
Indian real estate. The entire industry is expecting that with these changes, the
liquidity crisis, delayed projects, and the slashed market will improve the
year-end.
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