Right now, growth in Real Estate Sector of India can be tagged as ‘Safe & Sound’, though it’s the best time and a rare opportunity for all those looking to make a zero-risk investment.
We love it, when clichés like “property prices will rise” go all wrong. Cheers to the home-dreamers. Now is the time to buy your own dream house that you’ve always re-scheduled. Indian Real estate market is fairly stable at the moment that no other investment will be as lucrative as this one. Not just in one or two cities but across the length and breadth of the nation.
With the inception of new government in 2014, India has become a market of vast, volatile and fast growing opportunities. Mounting IT sector, inflow of people from rural to urban areas in search of jobs and better standards of living has created rise in demand for housing units, hiking prices and sprawling slums as well. Therefore, seeing this as an approaching matter of concern our honourable Prime Minister came up with “Pradhan Mantri Awas Yojana” i.e, “Housing for All” Scheme. All these factors instigated pretty good affordable project investments by Developers in the cities. In last few years we have seen shooting number of residential developments in upcoming urban as well as rural areas.
Unlike past, when home-buyers were misled with wrong information and delayed delivery of projects, ‘Real Estate Regulatory Authority (RERA)’ was introduced to bring consumers at the driving seat, when it comes to buying properties.
The recent mission to build ’20 Smart Cities’ has impacted the entire market by exciting the developers and builder-babus to pull-up their socks and start working for affordable housing.
Moreover, improved regulations in financial sector has led the investors to incline more towards financial investments, seeing this real estate market left with no choice but to reduce the prices.
What we got as a result being a consumer in 2016 is plethora of unsold inventories and low prices with clear information, transparency, improved system and various easy buying online options. Technology has also made its mark in the market, buyers can actually have 3D site visits, interior walk-ins, features and amenities details, real pictures of the property as well as Ariel views. Thanks to the technology. People are well-informed and guided best with growing real estate portals on Internet. Middle man or mediators are moving out of the scene now, no extra fees or charges, no double-dealing, we can thank the digital world for this evolution.
The time is for buyers and investors to make most of it right now.
