Interview: Market for ready to move homes hold out plenty of promises this year: T and T Realty

Gurugram-based real estate consultancy T and T Realty believes ready to move properties present lot of opportunities this year. In an exclusive interview with, T and T Realty’s MD Ashish Thapar talk’s about various aspects of the real estate industry. Here are the excerpts:

Q-What are the expectations from the festive season this year? Will it at par with last year?

Investment into a property is a very sensitive, emotional and a well thought decision and people wait for this auspicious time to materialize their thoughts. This year too the festive season is expected to see the same charm and cheer in the investments and it is unaffected with the COVID times. People who had been waiting for investing into the dream properties during this time will invest, as they have already kept their monies in place for fulfilling their dreams."

The residential ready-to-move-in market is very promising this year. NCR will witness good sales figures with the end user as they are keen to buy their dream homes.

Q- What are the expectations from 2021?

2021 will be a mixed year for the real estate market. Quality development will always be in demand. NCR will get boost due various infrastructure development taking place such as commencement of construction of Jewar Airport, Meerut Highway, Delhi Mumbai Industrial corridor, Dwarka Expressway and Sohna Elevated Road. Development in and around such areas will always be heaven for long term investors.

Q- When can we see consolidation in the Indian real estate industry in major way and how bad/how good will it be?

The consolidation in the Indian real estate market is very important and the discussions gave already started among  the developers in NCR. It will definitely give a new dimension to the under construction market and shall be able to regain the trust factor to the buyers.

Q-What are the changes required from the governments’ side (regulations) that will remove bottlenecks and give further boost to the sector?

Infrastructure is the key factor to give the boost to the satellite towns. Government should give the incentive and tax holidays to the job creating industries which will not only give the boost to Real Estate industry but to the overall economy.