The COVID-19 pandemic has made us realise the immense amount of challenges that can be thrown to mankind. The pandemic is affecting every aspect of human life and it is far more clear that the need for innovation is most important now. In-line with this, the Maharashtra government’s decision to implement e-registration facility for new properties is opportune.

The realty sector, in particular, is visibly battling rough waters and appears to regain its footing, slowly, albeit steadily. Through the course of the last year, the sector received relief measures in the form reduced home loan rates, stamp duty charges, and subsidized costs for developers to address the steep downward slump the sector experienced. While these have germinated nascent seeds of growth, the sector is still in dire need of bold developer and homebuyer friendly policies, designed to spike up demand. Here’s a look at how the housing sector and the individual homebuyer fared in the Union Budget of 2021.

The raging pandemic has left most of the sectors crippled, and now these sectors have set their eyes on this year's budget in hopes of policy decisions which will help them to come out of the current slowdown. Even as the real estate sector has seen a lot of backing by the government amid the unprecedented COVID crisis, industry experts believe the sector is still looking for a big push which will set the wheels of the second largest employer rolling.

For people who have been considering upgrading their home or buying their new home, it may seem like going ahead with the plan amid an ongoing pandemic is not a bright idea. However, on the contrary, the current market conditions in the real estate sector, makes it the best time for homebuyers to buy a new home. Reasons such as low home loan interest rates, relaxed payment plans, low property rates and high unsold inventory makes the real estate market perfect for home buyers to make the best of a bad situation.