{"id":4951,"date":"2021-07-22T07:06:00","date_gmt":"2021-07-22T07:06:00","guid":{"rendered":"https:\/\/www.nirmandevelopers.in\/?p=4951"},"modified":"2021-08-26T07:56:27","modified_gmt":"2021-08-26T07:56:27","slug":"luxury-real-estate-is-selling-fast-in-2021","status":"publish","type":"post","link":"https:\/\/digitaltokri.co.in\/demo\/nirman-developer\/luxury-real-estate-is-selling-fast-in-2021\/","title":{"rendered":"Luxury Real Estate is Selling Fast in 2021"},"content":{"rendered":"\n<p>Pune is one of the fastest-growing metro cities in India. The weather, the proximity to Mumbai, and the young IT crowd make the city extremely attractive for real estate investment. However, Covid19 had brought the real estate sector to its knees last year. Though, things have started looking up now. In fact, as per reports by real estate observer Knight Frank, Mumbai and Pune led housing sales in the first half of 2021. The reports suggest that the Pune housing market evolved towards the mid and premium property segments during this period.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">The Rise &amp; Rise in Sales of Premium Properties in Pune<\/h2>\n\n\n\n<p>Let us explore what has led to the spike in sales of premium properties in Pune.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong><span class=\"has-inline-color has-vivid-purple-color\">Low Home loan interest rates<\/span><\/strong><\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.nirmandevelopers.in\/wp-content\/uploads\/2021\/08\/How-to-benefit-from-low-home-loan-interest-rates-FB-1200x700-compressed-1024x597.jpg\" alt=\"\" class=\"wp-image-4954\" width=\"664\" height=\"387\" srcset=\"https:\/\/digitaltokri.co.in\/demo\/nirman-developer\/wp-content\/uploads\/2021\/08\/How-to-benefit-from-low-home-loan-interest-rates-FB-1200x700-compressed-1024x597.jpg 1024w, https:\/\/digitaltokri.co.in\/demo\/nirman-developer\/wp-content\/uploads\/2021\/08\/How-to-benefit-from-low-home-loan-interest-rates-FB-1200x700-compressed-300x175.jpg 300w, https:\/\/digitaltokri.co.in\/demo\/nirman-developer\/wp-content\/uploads\/2021\/08\/How-to-benefit-from-low-home-loan-interest-rates-FB-1200x700-compressed-768x448.jpg 768w, https:\/\/digitaltokri.co.in\/demo\/nirman-developer\/wp-content\/uploads\/2021\/08\/How-to-benefit-from-low-home-loan-interest-rates-FB-1200x700-compressed.jpg 1200w\" sizes=\"(max-width: 664px) 100vw, 664px\" \/><\/figure>\n\n\n\n<p>Cheaper credit is available now resulting in home loan interest rates plummeting to sub-7% levels. At 15 record year lows, the lending rates are extremely enticing for home-buyers, if they have the necessary margin money.&nbsp;<\/p>\n\n\n\n<p>So, a year ago when home loans were in the range of 8-9%, a Rs 50 lakh loan for 20 years at 8.5% p.a. would have meant an EMI of Rs 43,391. But you now might get the same loan at 7%, which would mean your EMIs could go down by Rs 4626 to Rs 38,765, resulting in savings of over Rs 11 lakh in total interest payable.\u00a0<\/p>\n\n\n\n<p>Low EMIs also means that you may buy a bigger home or a premium property that was earlier unaffordable.&nbsp;<\/p>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong><span class=\"has-inline-color has-vivid-purple-color\">Stamp Duty Cuts<\/span><\/strong><\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.nirmandevelopers.in\/wp-content\/uploads\/2021\/08\/karnataka-cuts-stamp-duty-to-3-on-apartments-below-rs-45-lakh-1024x768.jpg\" alt=\"\" class=\"wp-image-4958\" width=\"565\" height=\"424\" srcset=\"https:\/\/digitaltokri.co.in\/demo\/nirman-developer\/wp-content\/uploads\/2021\/08\/karnataka-cuts-stamp-duty-to-3-on-apartments-below-rs-45-lakh-1024x768.jpg 1024w, https:\/\/digitaltokri.co.in\/demo\/nirman-developer\/wp-content\/uploads\/2021\/08\/karnataka-cuts-stamp-duty-to-3-on-apartments-below-rs-45-lakh-300x225.jpg 300w, https:\/\/digitaltokri.co.in\/demo\/nirman-developer\/wp-content\/uploads\/2021\/08\/karnataka-cuts-stamp-duty-to-3-on-apartments-below-rs-45-lakh-768x576.jpg 768w, https:\/\/digitaltokri.co.in\/demo\/nirman-developer\/wp-content\/uploads\/2021\/08\/karnataka-cuts-stamp-duty-to-3-on-apartments-below-rs-45-lakh.jpg 1200w\" sizes=\"(max-width: 565px) 100vw, 565px\" \/><\/figure>\n\n\n\n<p>The two-phase stamp duty reduction in Maharashtra has further led to decreased costs for home buyers.&nbsp;<\/p>\n\n\n\n<p><\/p>\n\n\n\n<hr class=\"wp-block-separator is-style-wide\"\/>\n\n\n\n<p><strong><span class=\"has-inline-color has-black-color\">Suggested Read:<\/span><\/strong> <span class=\"has-inline-color has-vivid-cyan-blue-color\"><span style=\"text-decoration: underline;\">https:\/\/www.nirmandevelopers.in\/blog\/stamp-duty-reduction-in-pune-gives-a-boost-to-real-estate-investments\/<\/span><\/span><\/p>\n\n\n\n<hr class=\"wp-block-separator is-style-wide\"\/>\n\n\n\n<ul class=\"wp-block-list\"><li><strong><span class=\"has-inline-color has-vivid-purple-color\">Demand for larger homes, better Disposable Income<\/span><\/strong><\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"438\" src=\"https:\/\/www.nirmandevelopers.in\/wp-content\/uploads\/2021\/08\/cherry-hills-exquisite-kitchen-design-img_b5216a000f3af2a3_4-2706-1-c7485da.jpg\" alt=\"\" class=\"wp-image-4963\" srcset=\"https:\/\/digitaltokri.co.in\/demo\/nirman-developer\/wp-content\/uploads\/2021\/08\/cherry-hills-exquisite-kitchen-design-img_b5216a000f3af2a3_4-2706-1-c7485da.jpg 640w, https:\/\/digitaltokri.co.in\/demo\/nirman-developer\/wp-content\/uploads\/2021\/08\/cherry-hills-exquisite-kitchen-design-img_b5216a000f3af2a3_4-2706-1-c7485da-300x205.jpg 300w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/figure>\n\n\n\n<p>Covid 19 got everyone working at home. So the children were home-schooling, adults were working from home creating a need for larger spaces. Besides, with nowhere to go out and spend, there are huge savings &amp; cash reserves. People are now looking at investing in luxury and premium properties given that Covid19 is here to stay and they need a more comfortable environment when working from home.\u00a0<\/p>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong><span class=\"has-inline-color has-vivid-purple-color\">Better Deals<\/span><\/strong><\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.nirmandevelopers.in\/wp-content\/uploads\/2021\/08\/five-tips-negotiating-better-deals82536934-1024x621.jpg\" alt=\"\" class=\"wp-image-4967\" width=\"635\" height=\"385\" srcset=\"https:\/\/digitaltokri.co.in\/demo\/nirman-developer\/wp-content\/uploads\/2021\/08\/five-tips-negotiating-better-deals82536934-1024x621.jpg 1024w, https:\/\/digitaltokri.co.in\/demo\/nirman-developer\/wp-content\/uploads\/2021\/08\/five-tips-negotiating-better-deals82536934-300x182.jpg 300w, https:\/\/digitaltokri.co.in\/demo\/nirman-developer\/wp-content\/uploads\/2021\/08\/five-tips-negotiating-better-deals82536934-768x466.jpg 768w, https:\/\/digitaltokri.co.in\/demo\/nirman-developer\/wp-content\/uploads\/2021\/08\/five-tips-negotiating-better-deals82536934.jpg 1148w\" sizes=\"(max-width: 635px) 100vw, 635px\" \/><\/figure>\n\n\n\n<p>The kinds of offers and deals which homebuyers are getting now were usually seen only during festive periods. There is more supply than demand pushing developers to launch special finance options &amp; schemes, discounts, and freebies when selling their projects. This makes home-buying more alluring than ever. Good projects may not offer a direct lucrative discount, however, buyers might get complimentary car parking or waiver of charges or staggered easy payment plans. In many projects, electrical fittings are being given free.<\/p>\n\n\n\n<hr class=\"wp-block-separator is-style-wide\"\/>\n\n\n\n<p><strong><span class=\"has-inline-color has-black-color\">Also Read: <\/span><\/strong><span class=\"has-inline-color has-vivid-cyan-blue-color\"><span style=\"text-decoration: underline;\">https:\/\/www.nirmandevelopers.in\/what-you-need-to-know-before-buying-premium-luxury-properties-in-pune\/<\/span><\/span><\/p>\n\n\n\n<hr class=\"wp-block-separator is-style-wide\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"has-inline-color has-vivid-purple-color\">Conclusion<\/span><\/h3>\n\n\n\n<p>Despite the closure of the stamp duty window and the second lockdown, homebuyers have been active from April to June 2021. Developers are willing to absorb the burden of increased stamp duty which is eventually leading to the closure of transactions.&nbsp;<\/p>\n\n\n\n<p>The biggest gainers in this scenario are projects offering luxury flats in Pune.<span class=\"has-inline-color has-vivid-cyan-blue-color\"> <\/span><a href=\"https:\/\/www.nirmandevelopers.in\/\"><span class=\"has-inline-color has-vivid-cyan-blue-color\"><span style=\"text-decoration: underline;\">Nirman Developers<\/span><\/span> <\/a>is one such prominent builder in Pune renowned for building luxury and premium apartments. Increasing disposable income and low interest rates are pushing the market towards buying luxury apartments. This is a golden time to invest in real estate; if you have not done it already, take the plunge.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pune is one of the fastest-growing metro cities in India. The weather, the proximity to Mumbai, and the young IT crowd make the city extremely attractive for real estate investment. However, Covid19 had brought the real estate sector to its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4971,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[10,166,162,82,161,163,164,165],"class_list":["post-4951","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-in-pune","tag-building","tag-building-luxurious-and-premium-apartments","tag-low-home-loan-interest-rate","tag-luxury-apartments-in-pune","tag-luxury-real-estate","tag-premium-properties-inpune","tag-stamp-duty-cuts","tag-working-from-home"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Premium Property Sales in Pune are Soaring in 2021<\/title>\n<meta name=\"description\" content=\"luxury apartments like Nirman Vishnubaug at Model Colony in Shivajinagar Pune are in 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