Developer’s credibility matters in uncertain times
COVID -19 has shown its adverse effect on the economy including domestic real estate. A historic decline in transactions and new completions slowed down the real estate sector significantly. Along with the commercial real estate sector, the residential real estate sector hit rock bottom with the ongoing uncertainties due to COVID-19. However, post-RBI’s announcement on liquidity injecting measures and cut in the policy interest rate and roll out of vaccine put the necessary breather in the real estate industry which was reeling under depression. Furthermore, state governments such as Maharashtra’s decision of reducing stamp duty and registration fee revived the sales in the real estate sector in the state.
The real opportunity for home buyers
Although financial distress during the lockdown deterred consumers from investing in this sector, the good news is that post-pandemic demand and sales increased considerably. Customers are doing in-depth research before buying property while opting for safer measures like online portals. Nevertheless, a new home buyer must check the credentials of developers as well, especially post lockdown.
Financial strength– A home buyer must have an idea of the true financial status of the developer.
Checking reviews about the developer– Whether they are delivering the promised specifications at the time of booking or delaying project delivery or not.
Occupancy certificates of the projects– Check out the occupancy certificates of the projects through their recent blogs, articles, and updates on websites.
Amidst uncertainties, renowned developers in Pune emerged stronger
Well-reputed real estate developers in Pune including Engineers Horizonnavigated strongly during these uncertain times. A true hallmark of seasoned professionalism, Engineers Horizon not only completed projects on scheduled time but also launched multiple projects to mitigate affordable housing demands. Engineers Horizon’s1,2 &3 BHK in iOS Tathawadeare is designed with the finest architecture and offers an unparalleled plethora of lifestyle amenities at an unbelievable price. Equipped with recreational amenities, landscaped open spaces, advanced security iOS in Tathawade offering the best one can get at reasonable pricing.