Growing demand for tier 2 & tier 3 residential properties post-Covid19!

In the first half of 2020, the demand for housing units has seen a shaky decline in major cities. However, as the general public increasingly embraces the new normal, a range of prospects for realtors have increased.

The study says, the industry experts expect an increase in demand for housing in Tier 2 and 3 cities due to reverse migration, one of the main consequences of Covid-19. Urban communities like Ghaziabad, Chandigarh, Gurugram, Coimbatore, Jaipur, and Ahmedabad will be the key beneficiaries of reverse migration. These returnees will be benefited from the housing opportunities in the smaller region due to the essential amenities and superior infrastructure, many Tier 2 and tier 3 cities provide.

The rise in demand for Real Estate in the Pre-Covid Era

Indeed, even before Tier 2 and Tier 3 cities have seen an incredible rise in popularity, chiefly due to available prices, more rooms, better profitability and lower living costs, these places are generally prepared to move in. With the government’s attention towards empowering businesses, these towns were already seeing a sort of reverse migration as it was customary for its people living in urban areas to find an interest in repurchasing property.

Tier 2 cities significantly improving the growth chart-

Cities such as Ghaziabad, Chandigarh, Hyderabad, etc. have seen a significant modification in real estate sales. Also, the market has seen growth in the sales of residential properties post-Navratri & Diwali & still having the level maintained. We, at S.G.Estates Pvt Ltd, are currently finishing a project in Rajnagar Extension, named SG Grand in Ghaziabad. Offering beautiful homes with serene & peaceful surroundings, the project involves 2/3 BHK flats in Rajnagar Extension backed by several conveniences. The project is among one the most refined residential property in Rajnagar Extension.

About SG Grand-

Ghaziabad’s smart, fast-paced lives sustain the best in-house benefits that can make life easy and favourable. At SG Grand, you can make the most of a well-rounded experience with premium amenities such as sports courts, swimming pool, games, and entertainment, jogging track, abundant open lawn area, advanced security system, and many more. Ghaziabad offers a comfortable locational advantage with seamless connectivity to the rest of the city through the Hindon Elevated Road, NH24, along with a strong metro network. It is strongly connected with Noida, Greater Noida, Meerut, Hapur, Modinagar & other surrounding areas.

This sort of ease in accessibility and connectivity instantaneously enhances the value proposition of SG Grand. Hurry up and book your ready-to-move-in property in Rajnagar Extension today in Phase 1 & Phase 2 and invest in for your healthier life in the future!

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