While the pandemic is still not over, data suggests that the buyer sentiment has picked up, resulting in the higher sale of properties.
GHAZIABAD: The Ghaziabad Development Authority (GDA) in the financial year 2020-21 managed to sell 1,585 properties worth Rs 541 crore — which is the highest in four years.
The sale of GDA’s properties since 2017 has been adversely impacted due to a slump in the real estate sector and all efforts to revive the situation was halted by the pandemic.
While the pandemic is still not over, data suggests that the buyer sentiment has picked up, resulting in the higher sale of properties. “At the start of 2020-21, we had 6,332 properties in our inventory, which included EWS, LIG, MIG, HIG, residential, commercial and industrial plots. By the end of the financial year, we managed to sell over 1,500 properties,” said a GDA official.