Comparing to the starting of early 2000’s, the real estate sector was relatively inert in the last decade. In metro cities, people are still waiting for the perfect time to find out the best possible home. As per the latest trends, one should however commence the search for a pocket friendly investment, as currently the market is in support of end users. Although the circumstances are not same in all cities, yet one can easily take decision for property in Gurgaon.
Demonetization fever is almost over during which many people felt the market was adverse for property buying, and developers are looking to fill the gap by offering several offers on investment, especially for the residential buyer. As per the Harinder Dhillon, VP (Sales) of DLF, “developers are offering schemes to boost the sales number. These schemes are backed by loan subvention and buyers should go for buying instead of rental”. According to survey, the first financial quarter of 2017 have seen price augment of 2.8 percent. This inspection on 750 localities explained that southern market is doing great, as compared to the west and northern region is experiencing downfall due to project delays.
As this year’s budget focuses mainly on affordable, developers are trying to create new goals for this section. As the ball is in end user’s court, developers are working more to provide low interest rates, festive seasons and several subvention home schemes. They are cutting down the new launches to deal excess inventory. As a result, the market has experienced 17 percent downfall in the second half of 2017 as compared to 2016 in launching of new projects. Delhi-NCR, Mumbai, Bangalore, Ahmedabad and Hyderabad are some major game changing locations in real estate. After GST, Demonetization, RERA, REITs and Benami Property Act the market is going forward with valid transaction.
The current robust economic growth, a handsome salary and rapid urbanization is enhancing new home demand for everyone. The real estate market has almost recovered from demonetization and low interest schemes are encouraging people towards property investment in Gurgaon. One should not give more time to market as now price increases are inevitable.