India’s real estate sector post-second wave is doing comparatively well compared to the first wave. Preparation and anticipation, to a certain degree, has helped deflect much of the ill-effects of the second COVID-19 away. Although the sector has a long way to go before it can finally rake in solid numbers again, the situation could have been much worse.
A sliver of hope still lies with cities like Hyderabad and Pune. India’s tier 2 and 3 cities have formed the capstone on which the realty sector has been able to slowly build up again. When it comes to new launches, Hyderabad and Pune top the charts with 18 and 20 per cent month-on-month (m-o-m) growth respectively. Real estate companies like Modi Builders, we will be able to build on such performances by offering potential home buyers with the best selection of residential projects in Hyderabad.
Realty consultancy firm, Anarock, released a report which showed that the mid and premium segment houses made substantial gains in the second quarter of 2021. The mid-segment, which covers the price range from Rs 40-80 lakh, had a 32 per cent share in the market. Premium segment homes which are priced between Rs 80 lakh to Rs 1.5 crore took the cake with a 36 per cent stake. Modi Builders Hyderabad, a real estate company in Hyderabad, is poised to strike it rich. The company has a choice collection of houses for sale in Hyderabad that fall in the mid-segment bracket.
Most Indian metropolitan cities are seeing a slump in their realty sectors as employment rates fall drastically. Thankfully, the work from home culture and Hyderabad’s rise as a promising IT hub is drawing in young professionals looking for their dream homes. Affordable apartments in Hyderabad is a specialty of Modi Builders who have a diverse portfolio of projects all over the city. Each project is suitably furnished with world-class amenities that match the profiles of prospective home owners.
Anarock’s report also revealed that the southern cities of Hyderabad, Bengaluru and Chennai accounted for at least 72 per cent of the total premium segment launches in the second quarter. The mass vaccination drives conducted to inoculate the public has also boosted recovery rates in these states. Based on the facts at hand, the realty sector is back on the rebound, albeit at a slow pace.