It's the best time to buy a house for your own use, say analysts

Chances of realty prices declining further are slim

The new facility will be over  and above the existing  finance schemes of the housing sector regulator
Premium

Real estate prices have corrected, remained static, or eked a 2-3 per cent annual gain for around eight years now.

Sanjay Kumar Singh
Residential real estate sales were brisk in the January-March quarter of 2021, but plunged in the April-June quarter as the second wave of the pandemic resulted in lockdowns. There has been some uptick in demand since June. For those looking to purchase a house for own use, this is a good time to buy as there is little to be gained by procrastinating.
 
Demand returning
 
In some sectors, like information technology, employees have received good salary hikes and bonuses even in 2020-21. With the economy poised to grow by around 8.5-10 per cent in 2021-22 (according to forecasts),

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 14 2021 | 6:10 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com