Though the pandemic has meant a slowdown in economic activity across different sectors, the real estate industry seems to be bucking the trend. Experts say that real estate will see a phase of growth in the medium to long term buoyed by low interest rates, low stamp duty, developer discounts and special offers etc.
Though the pandemic has meant a slowdown in economic activity across different sectors, the real estate industry seems to be bucking the trend. Experts say that real estate will see a phase of growth in the medium to long term buoyed by low interest rates, low stamp duty, developer discounts and special offers etc.
Sanjeev Jindal, CEO of Riverdale Group, a real estate developer of Tricity, said, “Customers are investing more in property and seem to be in no mood to leave this golden opportunity. Market watchers believe that the current period is an opportune time for buyers to invest in property and purchase a new home or a commercial property owing to lower home loan interest rates, which are expected to hover around 7 pc.”
Jindal further said, “In keeping with this improved sentiment and to make it easier for prospective buyers to own a home, Riverdale Aerovista, our residential township adjoining the famous Aerocity in Mohali, has rolled out very attractive offers for the customers.”
Riverdale Aerovista has unveiled ‘Home and Happiness’ offer to make home-buying easier. While in the case of independent duplex villas, a discount of over Rs 2.5 lakh is being given, in 3BHK floors the same has been kept at Rs 1.5 lakh and freehold residential plots too are available at affordable rates.
Besides, the buyers are being promised advantages like three ACs or club membership worth Rs. 1 lakh as complimentary membership for all bookings done under the offer.
Inderjeet Kumar, President, Strategic Planning & Corporate Relations, Riverdale Aerovista Group, said, “To make visits for customers to Riverdale’s township site safe and secure, we have created a fool-proof safety system. We have been strictly following the COVID-19 guidelines issued by the WHO, ICMR and MHA at our corporate-cum-sales office.”
