Buying a House post Covid in 2021: Price Comparison

 

The first question that will arise in any buyers mind before buying a house or buying a flat post covid is, have property prices crashed due to the corona virus outbreak?

 When it comes to investing in a property a buyer will look only for seller who gives him a value for money deal by looking in to all the customization asked by him at an affordable price.

Property Pricing

The truth is, there was no fall in prices in the last quarter i.e., October to December of 2020, in spite of severe pressure caused on growth and development during the pandemic.

Although, the stress caused by the pandemic has affected India’s key residential markets but the prices of the house for sale and flat for sale remained same and in some places there was a rise in prices for the independent house for sale.

According reports of some top real estate leading firms the average prices of the properties in leading locations like Mumbai and NCR showed a flat rise in the final quarter of 2020 i.e., from October to December as compared to the final quarter of 2019 i.e., from October to December.

Property Prices in 8 Prime Locations of India

Prime Locations

Average property price on December 31, 2020 (in Rs. per sq.ft)

Annual Price growth in Percentage (%)

MMR

9,448

No Change

NCR

4,268

No Change

Pune

5,077

4

Bangalore

5,342

2

Hyderabad

5,602

5

Kolkata

4,202

2

Ahmedabad

3,213

7

Chennai

5,228

2

National Average

6,042

No Change

Buyer’s Perspective

Usually people want to buy a flat or buy a house in the same locality in which they are residing, so they search for any apartment for sale or house for sale near me. Nuclear families usually search for 2Bhk flat for sale rather than house for sale.

When it comes to investing in a property be it an Independent house or a flat it is an intensive decision and requires a thoughtful decision rather than an emotional plunge. To avail all kinds of amenities and comfort people usually look for a house for sale or a flat for sale in a locality having great social infrastructure, adequate public transport and sufficient economic activities.

With a rise in housing market post covid and with low inventory and quality finishes, buyers ready to pay handsome amount for the property they want to buy.   

To avoid any kind of confusion regarding property deals visit cifiyah.com for more details


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