New Delhi, September 26, 2021: Auspicious days always create positive sentiment and people tend to start something new or make new purchases on such occasions. As a premium real estate developer and catering to the elite segment, we remain optimistic and foresee a promising festive season this year, especially for the luxury segment and expect it to play a crucial role in providing a thrust to the sector. We have already witnessed an increase in the number of enquiries for luxury villas and properties in the quainter villages like Assagao, Anjuna, Siolim, which promise Goa’s old world charm and natural beauty. As the Covid 19 situation has altered our way of living, this festive season is opportune for investors to look at Goa seriously for a second-home investment and destination for luxury homes. The new normal of working remotely will also prompt people to move to Goa as they can work in an idyllic destination in complete privacy. Buyers are also keen to have their own holiday homes as they look for social distancing, health, hygiene, safety and comfort in one space. This is backed by various facts including the pent-up demand due to the lockdown, the evolution of real estate as the preferred investment class, and the need for a bigger space. We also believe that small discounts and offers should not drive the decision and buyers should evaluate each offer in terms of the real financial benefit and understand the fine print.
Lincoln Bennet Rodrigues, Chairman & Founder, The Bennet and Bernard Company, who are into luxury holiday homes in Goa
The festive season has historically been the highest point on the sales chart of the real estate industry as it is considered auspicious for home buying. Real estate is already seeing a steady paced recovery post the pandemic reflecting well in recent sales and the upcoming festive season will certainly be a time of positivity to keep the sales momentum going. We are seeing a lot of first time home buyers, who were not able to reach a decision in the previous quarters due to the lockdown are eager to conclude the deal in this auspicious season. There is a healthy stock of ready to move in and nearing completion inventory and that will likely be of high interest during the festive season. Homebuyers should look at capitalising on the current supply in the market, the low home loan interest rates and the stable growth trajectory that the market can expect. However, while investing in a property, buyers should not only look at the attractive deals but also consider the reputation of the developer and other factors like location, execution capability, and amenities that the developer has to offer. We also believe that the overall sentiment this year is quite positive in line with the economic recovery and the nationwide vaccination efforts will be integral in sustaining the momentum within the real estate in the upcoming quarters. The segment has remained the safest investment option and conducive government policies, stamp duty cuts in some states, lower interest rates, attractive payment options, demand for larger homes in the new normal and so on will attract investors to keep market sentiment buoyed throughout 2021. All of these have improved the attractiveness of real estate as an investment asset class against other traditional alternatives.
Corporate Comm India (CCI Newswire)
