Dilpreet Singh Jolly, Owner and CEO, MMK Usari

Mr. Dilpreet Singh Jolly had created the MMK Usari group 3 years back, which uses the experience gained from Jolly Group to rule Delhi and NCR with the best quality of services in real estate. His dedication, trustworthiness, and punctuality keep him going and help the company achieve new heights each day. His father, Mr. Bhupinder Singh Jolly, started the Jolly Group 15 years ago. With his dedication, he became the best in his field and the group worked in real estate. The group has catered to construction and renovation in government, commercial, private, and other sectors. His efforts have lead the group to now serving people through the MMK UsariGroup.

 

Real estate is primarily considered the safest investment for buyers, and the need of owning a home was felt immensely amid the COVID-19 pandemic. The first wave of the pandemic had a shattering impact on the India’s economy and its real estate sector as well as there was a cutback on investments for buyers and renters who had moved back home. The second wave, however, induced a home-buying sentiment as demand picked up significantly. As we continue to learn to live in this COVID era, 2021, the sector has to realign to face new realities and meet greater expectations.

Buying properties in Affordable Housing will continue

The market for affordable housing is robust and will lead the recovery in housing finance companies. The pandemic has made the people to realize the importance of owning a home and this feeling is going to stay. It is also expected that the affordable housing sector will grow much stronger. According to the Brickworks agency, a domestic rating agency, ongoing lowest interest rate regime, subdued prices and government’s push towards affordable housing segment aid the buyers’ sentiments.

Increase in demand for large and secure homes

In the pandemic phase, there has been shift in the perspective and lifestyle of particular segment of buyers. In fact, builders and experienced developers are revising their upcoming projects according to the changing preferences of home buyers that will offer the facilities to live a healthy lifestyle in the post- Coronavirus period.

Other value-added services like healthcare, housekeeping, wellness, provision of walking and cycling tracks, open and hygienic green complex, daily necessities like digitally- enabled grocery and other services like hailing a cab, postal and courier service are defining the future of real estate. Even, it is expected that in the coming years there will be increasing demand for gated communities to provide healthy lifestyle.

Tier-2 and Tier-3 witnessing the demand

With the reverse migration and working in the new normal where one can work from home and remote areas has led to emergence of demand for homes in tier-2 and tier-3 cities.

Ready to move in

Ready to move in homes has gained attention in 2020 due to less risks involved in it. Under construction projects are still a topic of discussion as delivery timeliness remains a key concern now. Homebuyers have realized the value of owning a property without any stress about completion of the projects.

Investment in a real estate property in 2021 will still remain a question for many. The arrival of a Coronavirus vaccine, along with low interest rates and concessions on stamp duty, are few reasons that could lead to a revival in the housing market in 2021.

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