{"id":201,"date":"2021-05-10T07:26:07","date_gmt":"2021-05-10T07:26:07","guid":{"rendered":"https:\/\/sterlingheights.in\/blog\/?p=201"},"modified":"2021-05-10T07:26:08","modified_gmt":"2021-05-10T07:26:08","slug":"real-estate-trends-in-2021","status":"publish","type":"post","link":"https:\/\/sterlingheights.in\/blog\/real-estate-trends-in-2021\/","title":{"rendered":"Real Estate Trends In 2021"},"content":{"rendered":"\n
\"Real<\/figure>\n\n\n\n

Performance of real estate in 2021<\/strong><\/h2>\n\n\n\n

When\nthe pandemic struck in 2020, the economy got really hurt all over the world.\nMany sectors were affected, but real\nestate in India<\/strong> was not affected. This sector, a marker of the country\u2019s well\nbeing, was flourishing and it continued to see an increased number of home\nbuyers. <\/p>\n\n\n\n

In\nmajor cities, like Hyderabad, people are choosing to buy apartments,\nindependent houses, or plots on their outskirts, because they are affordable.\nThe demand is still exceeding the supply<\/p>\n\n\n\n

Knight\nFrank India, a real estate property consultancy firm, in its report, Global\nResidential Cities Index Q4 2020\u2019, Hyderabad is the only metro city to witness\nan increase in residential prices in the fourth quarter of 2020. <\/p>\n\n\n\n

According\nto Shishir Baijal, Knight Frank India\u2019s Chairman & Managing Director, Hyderabad\u2019s real estate market<\/strong>\ncontinued to remain steady in each quarter in the entire 2020. He says that\nthis is because Telangana\u2019s capital continues to be popular with both IT and\nITeS companies that want to open an office. <\/p>\n\n\n\n

Developers\nfeel that once the Outer Ring Road was completed in Hyderabad, real estate<\/strong> got a much-needed boost. Meanwhile, the\ncentral and state governments allotted INR750 crore for acquiring land for the\nregional ring road which is expected to expand the city further. <\/p>\n\n\n\n

At the same time, it is felt that money assigned by the Telangana government to develop affordable housing in the City of Pearls will increase the demand for real estate in its surrounding, including 2 BHK houses for the lower-income groups.\u00a0<\/p>\n\n\n\n

Real estate developments in 2021<\/strong><\/h2>\n\n\n\n

It\nhas been witnessed in Hyderabad that the prices of lands on its borders have\nbeen increasingdramatically from 2020 to 2021. Although Jubilee Hills,\none of the most upmarket localities in the city, has the most expensive prices\nfor real estate, Shamshabad, Medchal and Kothur, among others, have seen their\nland prices double in the period of one year until the first quarter of 2021.\nIt is despite the fact that each of these areas is a minimum of 30 kms away\nfrom the city\u2019s central business districts. <\/p>\n\n\n\n

Developers were a worried lot for a short period when a lot of construction workers, mostly migrants, went home during the lockdown. But after restrictions were lifted, they returned to the city and drove up the demand for Hyderabad\u2019s real estate<\/strong>.\u00a0\u00a0\u00a0<\/p>\n\n\n\n

Impact of government policies on realty<\/strong><\/p>\n\n\n\n

Most\nof the reforms implemented by the government of India were said to be the\nreason behind more people showing interest in real estate.<\/p>\n\n\n\n

Among\nthem, the introduction of the Real Estate Regulation Act (RERA) in 2016 and\naccording to the status of infrastructure to affordable homes as per the Indian\ngovernment\u2019s vision \u201cHousing for All by 2022\u201d saw the number of people showing\ninterest in buying properties shot up.  With the RERA in place, realty\nsector transactions became much more transparent, increasing the responsibility\nof developers towards their customers, leading to enhanced demand for real\nestate.<\/p>\n\n\n\n

These\npolicies had collectively improved the demand for real estate in India and also\nallowed more people to venture into developing properties in India and, thus,\nHyderabad.<\/p>\n\n\n\n

If\nyou are looking to buy a plot in\nMansanpally, near Shamshabad<\/strong>, contact Sterling Heights by sending them an\nemail or give them a call.  <\/p>\n\n\n\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Performance of real estate in 2021 When the pandemic struck in 2020, the economy got really hurt all over the world. Many sectors were affected, but real estate in India… Read more »<\/a><\/p>\n","protected":false},"author":1,"featured_media":203,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment"],"_links":{"self":[{"href":"https:\/\/sterlingheights.in\/blog\/wp-json\/wp\/v2\/posts\/201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sterlingheights.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sterlingheights.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sterlingheights.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sterlingheights.in\/blog\/wp-json\/wp\/v2\/comments?post=201"}],"version-history":[{"count":1,"href":"https:\/\/sterlingheights.in\/blog\/wp-json\/wp\/v2\/posts\/201\/revisions"}],"predecessor-version":[{"id":205,"href":"https:\/\/sterlingheights.in\/blog\/wp-json\/wp\/v2\/posts\/201\/revisions\/205"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sterlingheights.in\/blog\/wp-json\/wp\/v2\/media\/203"}],"wp:attachment":[{"href":"https:\/\/sterlingheights.in\/blog\/wp-json\/wp\/v2\/media?parent=201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sterlingheights.in\/blog\/wp-json\/wp\/v2\/categories?post=201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sterlingheights.in\/blog\/wp-json\/wp\/v2\/tags?post=201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}