Best time to Purchase
This is the best time to purchase real estate and invest since the real estate ave seen a bottom of the market rates as compared to 2007 level. Rates are lowest ever and not likely to go down further. Though supply is eighteen times of demand and lot of finish products are in market especially in Pune, Navi Mumbai and Kandivali and Borivali area. The investors must not look int these markets since in near future the supply will not allow rates to escalate. On the contrary, the rates will be marginally decline in Kandivali, Wadala, Koregaon Park Pune, Bangalore South. New launches will be higher side in December and one should compare historical data and offering by ICICI Securities, Magic-Bricks, and other listing sites who have started selling properties and generating leads to the developers. There will be new launches but all ave been sold in pre launch sales and end user will get flats from investors though resold by the developers. Lot of opportunities and choice persist and one can now avail greater bargain for deals. Brokers are the best bet to find your dream homes. They know precisely where and how to negotiate and what was last price a builder had sold for. A good broker will not only save your money but will earn without giving pain to your pockets.
Deals on listing site also very good. Before purchasing a home one must do some research as to compare price go in the location and see the site personally in night, day and ask residents about builder's deals and practices. The new government in centre and in Maharashtra it seems are more keen to provide affordable housing hence one must wait for government housing before taking expensive flats in far flung suburbs like Shil Phata, Thane, Badlapur, Ambarnath, Kalyan and Dombivali. These places will not give you any appreciation but will add more travelling times to Mumbai. Te ongoing rates in Thane is 12000/- per sq.ft. where as in Kandivali it is 8000/- to 10,000/- per sq.ft. One must look at the options within the budget and try keep him self within BMC limits.