The real estate industry is the backbone of the Indian economy. It employs over 50 million people and contributes 7% to India’s gross domestic product. Reports indicate, “there are nearly 250 industries inter-linked with real estate in some form or the other”. Such figures and stats clearly show the strategic significance of this industry at a macro and micro level.
In the recent past, there has been much that has been manoeuvring the path of real estate. Demonetisation, RERA, GST, NBFC crisis have constantly been the drivers behind a fluctuating real estate market, and then COVID-19 happened. Much against the predictions, the industry has been quick in adapting itself to the new normal and homebuyer’s sentiment also remains positive.
According to a recent survey by Magicbricks, “67% of the homebuyers plan to continue with their home-buying plans and Bengaluru and Pune have remained stable markets with the least drop in consumer sentiment”. Further, this survey highlights the drive to buy a home in 2020 remains strong among people in the age group of 34-45.
There is also a trend emerging in the post COVID scenario that of investing in nearing completion and ready to move in projects in a gated community. So, a sudden spurt in demand of ready to move in homes is getting projected. Moreover, post the COVID scenario investors are keen on low density gated communities to avert the risk of contracting infections or facing lockdown. Similarly, with the induced work from home scenario, a surge in demand for spacious homes also cannot be ruled out. Surveys indicate that many home buyers are keen at upgrading to bigger and spacious homes to manage better in such crises. An apartment with a study or extra room that can get converted according to requirement is being welcomed by home buyers.
Adding to the positive buyer sentiment is the reduced interest rate on home loans and exciting offers by developers. The interest rate on home loans has been reduced and every developer is trying to make an online site seeing a reality. It helps home buyers to visit more properties and make an informed decision virtually. During COVID times when people are sceptical of visiting a project site, notable developers are going an extra mile to help them explore properties virtually.
If you are looking for such a project in Bengaluru, then Valmark Apas can be an ideal investment. Strategically located near Bannerghatta road, opposite Hulimavu Lake, the project has received OC and is amazingly spacious and well-designed. The smart homes by Valmark can be any city-dwellers dream abode as it offers everything one desires. The 3, 4 & 5 BHK uber luxury apartments give you the scope to design your home your way. Completely customisable, you are free to have a bigger living room or kitchen. Compact and loaded with amenities, there are only 112 signature homes for a privileged few.
Valmark Apas has a plethora of luxurious amenities like clubhouse, gym, jacuzzi, indoor badminton court, mini theatre, sky lounge, swimming pool, cricket pitch, amphitheatre and more. There is never a dull moment here. Even during the COVID crisis, you can plan fun evenings with your family in the spacious patio or spend a morning gazing at the serene lake. The beautiful homes come with Hulimavu lakeview offering you everything you desire in your dream home.
Thinking of holistic and happy living experience, step into Apas. Walk-in virtually https://valmark.in/vr-walkthrough.html with your family and explore the beautiful project from the comfort of your home. Our sales team is always available for further assistance and guidance. Let’s make 2020 memorable!
