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In the festive season, Shravan Gupta observes a rise in home sales

Today, the housing sector has undergone tremendous change and has emerged as the most profitable sector. With this improved outlook, some experts such as Shravan Gupta feel that real estate will witness real change in the coming months.<br>https://theprint.in/theprint-valuead-initiative/shravan-gupta-sees-real-change-in-real-estate-this-festive-season-with-home-sales-booming/780836/

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In the festive season, Shravan Gupta observes a rise in home sales

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  1. Shravan Gupta Shravan Gupta started as an employee in his father’s company and then went on to become the CEO of the same company.

  2. In the festive season, Shravan Gupta observes a rise in home sales • Enhanced sales in the housing sector • Stamp duty cut • Incentivising buying • New designs

  3. Enhanced sales in the housing sector This year has proved to be a profitable one in terms of house sales. Experts have forecasted that the real estate sector will grow by 10 per cent in 2021. Such a trend has become visible in most major cities like Mumbai and Delhi, and is now noticeable in mid-level cities like Indore as well. It has been estimated that revenue has risen by Rs. 24 crore since 2020.

  4. Stamp duty cut Stamp duty plays a major role in deciding prices.Shravan Gupta feels that a low rate of stamp duty is responsible for bringing down the overall cost of home loans. However, it’s best to keep in mind that this varies from city to city. The festive season has come as a boon for real estate as stamp duty rates have been cut specifically for this season. Incentivising buying Builders have realised the potential of changing the environment in a post-pandemic world. They are developing homes with the latest amenities like gyms and schools in one area. This is usually offered at a relatively affordable price with optimisedincentivised buying schemes. Many people are now working from home, which makes them need bigger spaces for working. This has further strengthened the need for such beneficial schemes.

  5. New designs Shravan Gupta is one builder who uses innovative technology to make his buildings apt for today’s needs. Most buildings today are built in an eco-friendly manner with the latest amenities — one of the major factors when someone goes to buy a home. It is precisely these factors that have brought about the revolution in the housing sector. Some market experts feel that this trend will continue well into 2022.

  6. Thank You!

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