In recent times, the real estate sector has gone through many changes.
RERA, demonetisation, union budget 2017 and GST, have changed various paradigms in the real estate sector. Real estate prices have fallen and are likely to go down further. This could mean that a bubble is about to burst. Now, with GST coming in as a nation-wide reform, another probable side-effect is a downward movement of the interest rate structure.
Although this could come as a relief to people who can't afford high EMIs and it seems like an attractive investment option, people buying property as an investment, might be disappointed.Prospective buyers are likely to assume an appreciation in the near future but it may not be so. The property rates are expected to be stagnant, if not suffering a fall.
Real estate is considered to be one of the safest bets for investments even though the market has been on the slower side lately. And like every other asset class, the real estate market too has faced its share of success and turmoil. So for instance, the period between 1988 and 1994 saw property prices escalating to an all-time high; the years that followed was quite tough. And then by 2002, most of the properties were being placed at half the peak price they achieved in 1994. Real estate in India has evolved in the last few months and currently, end-users can make the most out of the sector. Investors today, will have to wait for the right time before investing in the market.
The realty sector has seen a boom with positive end-user sentiment that has driven the market. Consumers today, are well-informed and are looking forward to buying a property under RERA, which will help them safeguard their interests. But according to experts, currently they need to play the wait-and-watch game. You need to think, study and strategise your buys without randomly handing over the cheques to the developers. Consumers need to be more cautious.
Experts are trying to educate consumers and are highlighting the need to look out for the best offers according to their personal sentiments and financial plans before going ahead with the purchase.Inspite of the current market conditions where the recovery is still a work-inprogress, buyers are advised to go out and look for their dream home. If you are looking from a long-term perspective, tread cautiously yet scour the market and secure a good deal for yourself.
A few tips:
End-users looking to invest in a 3-BHK should instead invest in 1 and 2-BHK flats or Villa at the best location of NCR the Harsh Vihar Noida Extension, which are easier to sell or rent; People harbouring a long-term perspective, are likely to be winners at this point of time; Think, study and strategise your buys smartly; Do not fall for offers and schemes as they could benefit in the short-term, but looking from a long-term point of view, the appreciation looks fickle.
Source : TOI dated 17/06/2017
RERA, demonetisation, union budget 2017 and GST, have changed various paradigms in the real estate sector. Real estate prices have fallen and are likely to go down further. This could mean that a bubble is about to burst. Now, with GST coming in as a nation-wide reform, another probable side-effect is a downward movement of the interest rate structure.
Although this could come as a relief to people who can't afford high EMIs and it seems like an attractive investment option, people buying property as an investment, might be disappointed.Prospective buyers are likely to assume an appreciation in the near future but it may not be so. The property rates are expected to be stagnant, if not suffering a fall.
Real estate is considered to be one of the safest bets for investments even though the market has been on the slower side lately. And like every other asset class, the real estate market too has faced its share of success and turmoil. So for instance, the period between 1988 and 1994 saw property prices escalating to an all-time high; the years that followed was quite tough. And then by 2002, most of the properties were being placed at half the peak price they achieved in 1994. Real estate in India has evolved in the last few months and currently, end-users can make the most out of the sector. Investors today, will have to wait for the right time before investing in the market.
The realty sector has seen a boom with positive end-user sentiment that has driven the market. Consumers today, are well-informed and are looking forward to buying a property under RERA, which will help them safeguard their interests. But according to experts, currently they need to play the wait-and-watch game. You need to think, study and strategise your buys without randomly handing over the cheques to the developers. Consumers need to be more cautious.
Experts are trying to educate consumers and are highlighting the need to look out for the best offers according to their personal sentiments and financial plans before going ahead with the purchase.Inspite of the current market conditions where the recovery is still a work-inprogress, buyers are advised to go out and look for their dream home. If you are looking from a long-term perspective, tread cautiously yet scour the market and secure a good deal for yourself.
A few tips:
End-users looking to invest in a 3-BHK should instead invest in 1 and 2-BHK flats or Villa at the best location of NCR the Harsh Vihar Noida Extension, which are easier to sell or rent; People harbouring a long-term perspective, are likely to be winners at this point of time; Think, study and strategise your buys smartly; Do not fall for offers and schemes as they could benefit in the short-term, but looking from a long-term point of view, the appreciation looks fickle.
Source : TOI dated 17/06/2017
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