what’s trend­ing right now?

Hindustan Times (Chandigarh) - Estates - - FRONT PAGE -

Dis­counts avail­able:

Most prop­erty deals that were about to be signed around Novem­ber 8 have been rene­go­ti­ated into all- white trans­ac­tions but at an av­er­age dis­count of around 10% to 20%

Ges­ta­tion pe­riod:

Ges­ta­tion pe­riod for fi­nal­is­ing a prop­erty deal is es­ti­mated to have length­ened from the usual 270 days ear­lier. Peo­ple hunt­ing for prop­er­ties to­day are likely to fi­nally sign it af­ter March 31, 2017. There’s plenty of sup­ply avail­able in the sec­ondary mar­ket, es­pe­cially in Delhi’s prime mar­kets, as pri­vate de­vel­op­ers hold­ing on to stock re­alise they may not be able to get any long-term value or the ben­e­fit of cap­i­tal ap­pre­ci­a­tion

In­ter­est con­tin­ues:

End-users and in­vestors are show­ing in­ter­est in buy­ing prop­er­ties sub­ject to avail­abil­ity of 10%-20% dis­counts. There is an in­crease in the num­ber of end-use queries and in­vestors are think­ing of mak­ing use of the post-de­mon­eti­sa­tion lull to in­vest in big-ticket real es­tate as­sets

Dis­counts:

Trans­ac­tions may be few and far be­tween but sell­ers have started show­ing in­ter­est in dis­pos­ing of their prop­er­ties, pre­fer­ring liq­uid­ity over hold­ing on to their prop­er­ties . They are opt­ing to de­ploy their funds pro­vided they get 10% to 20%hair­cut dis­counts in the cur­rent mar­ket

Trans­ac­tions may pick up go­ing for­ward:

Trans­ac­tions likely to pick up af­ter March 2017 once there is clar­ity in the mar­ket and there is an in­ter­est rate cut and in the hope that more sops may be an­nounced in the bud­get

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