Housing prices may rise drastically – Invest Now


Housing prices may rise drastically – Invest Now

Posted On Dec 8, 2021 by Rajat Homes

The real estate sector is one of the most influential industries in the world. The housing demand in urban and semi-urban areas also contributes to the growth of this industry.

Driving factors behind the increasing real estate prices?

According to CREDAI, an organization with more than thirteen thousand member developers in the Indian real estate industry, residential property prices will increase by 10-15% as builders try to keep up with the rising costs. During the past few years, raw material costs in the construction sector have steadily risen, causing concern among realty developers and there is no indication that they will decline or stabilise anytime soon.

Since the cost of construction is rising, homebuyers will have to shoulder the burden. Compared to the same period in the pre-Covid years, residential real estate sales in major cities experienced a significant increase.

The rise in input prices for raw materials and labour has impacted both profit margins and the viability of the projects. Consequently, developers are required to adjust housing prices upward by almost 10% to cover soaring input expenses. In the context of construction costs and land prices, the abnormal price variation of building materials has a big impact on the price of residential properties. In addition to price hikes, developers are also experiencing supply chain disruptions, which lead to material shortages.

Book your Super luxury villas at Rajpur now!

There is no way to absorb any further increases in construction costs without affecting buyers. As construction material prices rise, homebuyers may have to pay a higher price for their houses shortly. Additionally, row bungalows in a gated community is an emerging real estate trend where residents enjoy privacy as well as a happening social life. This is attracting urban homebuyers who want to enjoy both. At Southern Vista, booking for row bungalows is going on full swing and it makes perfect sense to invest in the superluxury villas in Rajpur now before it gets too late.

Own your dream villa with a lot of space and amenities to enjoy life to the fullest. With good access to the city, it is the ideal place to enjoy nature and rejuvenate your mind and soul. Their design philosophy places the customer’s needs first, leading to functional, efficient, and satisfying developments.

Here are some of the major amenities:

  • Multipurpose club
  • AC Gymnasium
  • Multi-activity zone
  • Mesmerizing Lily pond
  • Adda park
  • Amphitheatre
  • Banquet lawn
  • Kids pool
  • Children play area
  • Smart security system and so on.

Leave a Reply

Your email address will not be published.

WordPress › Error

There has been a critical error on this website.

Learn more about troubleshooting WordPress.