Realtors expect improved housing demand on ‘Akshaya Tritiya’ amid Covid woes

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    New Delhi, May 11 | At a time when the severe second wave of Covid-19 and lockdowns have halted economic activities, developers expect that the traditional housing demand during ‘Akshaya Tritiya’ would somewhat lift the spirits in the market and improve sales.

    The occasion is considered to be auspicious for buying homes.

    Niranjan Hiranandani, President, National Real Estate Development Council (NAREDCO) said: “The festive day of Akshaya Tritiya traditionally, is an auspicious day for home buying. This year too we expect smart home buyers to take advantage of both aspects — the festive fervour and aspect of making one’s dream home a reality.”

    He noted that the market conditions stand favourable for the home buyers as well as the investors in backdrop of low interest rates, lucrative deals from the developers, choices of apartments, flexi payment schemes from banks and financial institutions, attractive price points and other fiscal benefits to grab the right deal.

    “The time is right for first time new age homebuyers to buy its safe nest and existing homebuyers to upgrade into spacious luxury ready to move homes conducive for new normal lifestyle in wake of pandemic,” Hiranandani said.

    Aditya Kushwaha, CEO & Director at Axis Ecorp, said: “Days such as Akshaya Tritiya hold sentimental value for people and in this pandemic, people have started giving greater importance to these values. Traditionally, it is believed that if you invest in property on this day, its value will appreciate for sure in due course of time.”

    Noting that the sales momentum has gone down amid the second wave of Covid, he said that although a significant spike in the sales is not expected, but people who had been holding off their decision to buy a house may use this opportunity to make the purchase.

    “As real estate companies are offering lucrative schemes, this may incentivise people planning to buy a house to close transactions,” Kushwaha said.

    Vinit Dungarwal, Director of AMs Project Consultant, was of the view that the Indian real estate has been grappling with many challenges for a very long time and the second wave of Covid-19 has further slowed down the recovery process for this industry.

    “However, RBI’s decision to keep easy system liquidity and low interest will help in industry revival especially during festivals like — Akshaya Tritiya. The sales during this festival may not be as experienced before the pandemic struck but homebuyers can expect lucrative offers coming from real estate developers which will lead to some spike in the business,” he said.

    Further, for major markets like Mumbai and Pune, in Maharashtra, after the discontinuation of stamp duty benefit by the state government, the real estate sector is now looking forward to ‘Akshaya Tritiya’ to keep the sales momentum going and have come up with offers to attract prospective home buyers.

    Bhasker Jain, Head of Sales, Marketing & CRM at The Wadhwa Group said: “The real estate sector witnesses positive sentiments flowing in the market during the auspicious times like Akshaya Tritiya which further spike the demand for properties every year. Moreover, the lucrative and flexible festival deals offered by developers attract home buyers and lead to better sales during this period.”

    Source: IANS

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    7 Reasons Why You Should Purchase Italian Furniture

    7 Reasons Why You Should Purchase Italian Furniture

    Very often we see people speaking ever so highly of the Italian furniture they own, while we see others gushing over Italian furniture and expressing their deep desire to own at least one such piece of furniture. Italian design and decor are widely hailed across the world for their strong emphasis on quality and simple shapes that combine both tradition and modernity through the finest craftsmanship.

    The way a person decorates their home is a reflection of their personal style and identity. Needless to say, tastes and preferences vary wildly, especially when it comes to items of furniture with regard to their size, shape, texture, and color.  However, regardless of the specific kind of design a person likes, Italian furniture is a dominant player in the furniture and home design industry.

    For several centuries, Italy has been considered to be a hub for culture, literature, and the arts as well as architecture and design. Italian style interior design has been the preferred choice for an ever-increasing number of people, and this is not just a recent trend. Italy is a country that is synonymous with class, sophistication, and exceptionally high quality, and this shows in the sheer popularity of Italian furniture today. Italian sofa manufacturers take great pride in the quality and design of their sofa sets, and one need not look far to see that even the most discerning customers are duly pleased with Italian furniture.

    So what is it that makes Italian furniture so popular? Let’s take a closer look!

    Timeless charm and appeal

    Italian sofas, chairs, tables, and other pieces of furniture have a charm that is impossible to compete with, leave alone outdo. Not only are Italian furniture pieces renowned across the world for their quality and appeal, but they are also items whose aesthetic value appreciates over time. Italian furniture has an inimitably characteristic beauty and these furniture pieces only tend to look even better as the years’ pass. The fact that only the best quality materials are used for their manufacture is what makes Italian furniture so sought after.

    Strong and durable

    While many prospective customers will tend to get deterred or even discouraged by the fact that Italian furniture costs a fair amount of money, these furniture pieces are made with the best quality materials and are guaranteed to last for decades if not centuries. That being said, purchasing Italian furniture should be best viewed as an investment and not just an expenditure, as the elegance, durability, and comfort that these furniture pieces will offer you are their own reward.

    Unbeatable quality and elegance

    Italian artisans and craftsmen are famous across the world for their dedication, patience, and attention to detail. It goes without saying that Italian products, in general, are synonymous with high quality, and one only needs to look at history to see how true this is. Since time immemorial, Italian manufactures have strived for excellence and have always made sure that the products they make are nothing short of the best. Therefore, Italian furniture is a symbol of Italian perfection, sophistication, and class.

    Exquisitely comfortable

    The very purpose of furniture pieces such as sofas, chairs, and couches is to provide comfort to people. Italian furniture will not just provide unmatched comfort but will also give any person the feeling of being in exquisite and opulent surroundings. There is no doubt that a handcrafted piece of Italian furniture will convey a feeling of elegance and sophistication.

    Wide variety of furniture designs

    Many people are under the wrong impression that Italian furniture is available only in very specific parts of the world and that they are few in number. The good news is that this is not true. Artyz offers you a wide assortment of Italian furniture, and you are sure to find something that perfectly suits the design and aesthetics of your home. Not only will you be able to choose from sofas, ottomans, tables, beds, tables, and much more, you will also have the choice of selecting from a wide variety of designs. Given the fact that a lot of hard work and craftsmanship goes into making Italian furniture, you can make your living space truly unique by purchasing one or more exquisite furniture pieces.

    High caliber craftsmanship

    Italy is a world leader in manufacturing for a number of reasons. To begin with, only the highest quality of materials are used, and this, coupled with the unique and unparalleled skill sets that Italian artisans have, you can be assured of nothing less than the best. Italy has long been hailed for its contributions to several fields of the arts, such as painting, sculpture, music as well as design. That being said, painstaking hard work, unbridled dedication, and sharp attention to detail have made Italian craftsmanship an ideal in and of itself.

    Novelty and inimitability

    Unlike cheaper, mass-produced furniture that is readily available and most often delivered in a cardboard box, Italian furniture pieces are meticulously handcrafted and made with immense dedication and focus on the details. Italian furniture is very eye-catching and will without a doubt convey a sense of luxury and opulence to both residents and guests alike. Such furniture pieces will have a direct effect on the mindset and mood of residents as they will notice how the furniture pieces enhance and enrich the home.

    Before you rush off to purchase Italian furniture pieces for your home, do check out Artyz. Artyz is a renowned furniture showroom in Kolkata that offers you a vast range of furniture choices that can suit the requirements of any living space and can accommodate any budget. As a leading furniture showroom, the focus remains entirely on providing top-quality furniture at affordable and reasonable prices. Simply take your pick from the diverse furniture selection and let Artyz handle the rest. By having Italian furniture in your home, you will be able to liven up your living space in unimaginable ways. The sheer elegance of Italian furniture is what creates a statement like no other style.

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