Steel and cement industries are witnessing a better growth post-October say, experts. The quick turnaround in construction, rural consumption, and a revival in the automobile industry are driving the growth.
With many pockets opened up after the lockdown, analysts forecast a 10-20% on-year rise in demand in the second half of FY21. Experts say that all-consuming sectors like construction, auto, vehicles, and more have picked up and this quarter will see better results compared to last year.
Oragadam back in business
The resurgence in the industrial sectors has led to a resumption of industrial activities, big, medium, and small companies across the industrial cluster in the region to the pre-Covid levels. The upswing in the automobile sector augurs well for the many automobile and ancillary companies located in the Sriperumbudur-Oragadam belt. In fact, over the past few months, many MNCs have pumped in investments to set up/ upgrade their manufacturing units. This move will bring in new employment opportunities in this area. It will also spruce up the need for quality residential facilities for the large workforce who come to work in the MNCs here.
Is this the right time to buy a home?
Yes! As the demands reach pre-Covid levels, a favorable base effect could magnify Q3 performance. For the housing market, an upward rally has begun, and buyers are actively scoping the market for good deals, says a study by Anarock Property Consultants. Even investors are back – a clear indication that the sector outlook has turned positive.
Low home loan interest rates
Post the festive period, banks are continuing with low home loan interest rates. Some banks are also offering home loans with zero processing charges. Analysts feel that the interest rate will remain stable in the coming weeks.
More factors
While the pandemic has kept us indoors, there are a lot of people who have realized the need and importance of owning a home of their own. The trend of working from home and the influx of NRIs investing in India, to buy properties to settle down in their homeland or as a future investment, have also made way for serious buyers.
Hiranandani Parks
The emergence of Oragadam as one of the most attractive destinations for homebuyers following the slew of investments and infrastructure growth has put the spotlight on Hiranandani Parks. The 360 +acre township offers everything that a modern family seeks: luxury apartments, spacious villas, ready-to-build premium plots, a well-known school, incredible connectivity, business parks nearby, and of course open green spaces!
What are you waiting for? Visit www.hiranandaniparks.com to explore the first-of-its-kind amenities and request a site-visit.