Real Es­tate in Cor­rec­tion Mode

Accommodation Times - - Newslines - By Staff Re­porter

Fes­ti­vals not of­fer­ing cheers for real es­tate mar­ket Fes­ti­val time is here, real es­tate mar­ket gives high hopes with pos­i­tive out­look. It is con­sid­ered as peak time for devel­op­ers for their an­nual sale hap­pens in this rel­a­tively short pe­riod. Devel­op­ers bet on re­newed mar­ket sen­ti­ment cou­pled with the tra­di­tion to see their sales abuzz with ac­tiv­ity.

But to this time the sea­son has fail to re­vive any price hike and buy­ing as the in­dus­try has seen price cor­rec­tion, bear­ish sen­ti­ments are likely to con­tinue in the res­i­den­tial real es­tate mar­ket. Due slack in the price the sit­u­a­tion can re­main stag­nant or may even worsen.

In­spite of good sale, price re­main stable in many part of the country. Sup­ply is in­creas­ing and will be just four times in 2017. Since there are many op­tions and since long sale was re­stricted, price cor­rec­tion is in off­ing. Great dis­counts and deals hap­pen­ing with lot of free sup­ple­ments. Hous­ing fi­nance have be­come very dif­fi­cult and cor­rup­tion in this sec­tor is restrict­ing fund flow in real es­tate.

In ma­jor ar­eas of out skirts of met­ros, all over the country, huge de­vel­op­men­tal ac­tiv­i­ties are recorded. Cities are ex­pand­ing lim­its and af­ford­able hous­ing is in great de­mand.

Real Es­tate rates across the country are de­clin­ing and may fur­ther de­cline. This is the right time to pur­chase as plenty op­tions are avail­able.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.