Real Estate Trends in Trivandrum

Kerala is one of the most developed states when it comes to education, health care and social customs and practice. The important cities of the state are Kochi and Thiruvananthapuram or Trivandrum. Trivandrum is a well developed city which has a lot of job avenues and the earning of people are quite high compared to other areas. The realty sector of Trivandrum is quite thriving although people in the city still prefer living in houses and flats in the centre of the city rather than along the periphery. Another significant change that has come about in the real estate of Trivandrum is that most people want to stay in apartments rather than flats. Property developers have demolished quite a few houses to make way for apartments. Many of the older apartment complexes have been redesigned by builders through reduction in floor ratio for providing them at affordable prices to the mid income group.

Compared to other cities of Kerala, real estate in Trivandrum is quite steady. Most of the realty investments are in areas near the city centre rather than periphery as people prefer to live here. Because the cost of land in Trivandrum is quite high, more people are attracted towards apartments for sale rather than house for sale in Trivandrum. Because of absence of proper infrastructure, builders and buyers are hesitant to move to the peripheral areas. There is much need to improve basic amenities in the peripheral areas of the city for attracting more buyers. Pure drinking water, good roads that have proper transport facilities shall help in the development of rural areas on the outskirts.

The supply and demand of properties in Trivandrum is quite stable which lends a stable growth to the realty sector. Prices have not skyrocketed in the past years although a slight increase has been there which has further fuelled growth of the real estate market. For properties in the heart of the city, prices are between Rs 4000 and Rs 5000 for a square foot while it is Rs 3000 to Rs 4000 for a square foot in the outskirts. In the past years, almost 80 percent buyers belonged to the investors category (mostly NRIs) while they now number 50 percent. Nowadays, end users constitute almost 50 percent of the market. A lot of property developers have begun identifying centres of growth in the districts for starting newer projects. Some of the places that have been identified are Kovalam, Nedumangad, Vattiyoorkavu, Balarampuram, Peroorkada, Attingal and Kazhakkoottam. Once the peripheral areas become developed, the craze among people for house for sale in Trivandrum city centre would diminish. For instance, there is an oversupply of property in Kazhakkoottam locality as they have not received good response from the IT crowd, whom the builders were targeting.

The demand for house for sale in Trivandrum however has reduced. Many retired professionals nowadays prefer to stay in flats. Thiruvananthapuram is among the cleanest cities of the country and basic amenities are available quite easily which makes it preferred among senior citizens for spending their retired life. The trend of buying apartments with large area has now been turned over as builders are constructing affordable flats that may be sold for under Rs 35 lakhs. Roughly 50 percent of buyers want budget flats whereas thirty to forty percent of them can go for flats which are priced between Rs 50 and Rs 70 lakhs while only 10 percent buyers can opt for premium apartments which cost more than Rs 1 crore.

The lowest preferred projects in the city are the villa ones because of the high cost of construction and living within the city limits. A few of the villa and house for sale in Trivandrum projects are coming up along the periphery. However, they too are quite costly because land prices are quite high in the outskirts too.

Real estate development in Trivandrum is mostly happening in the localities of Vellayambalam, Vazhuthacaud, Technopark and Vattiyoorkavu etc. The inflow of IT professionals in Trivandrum for working in Technopark has given a strong push to realty development in Trivandrum.

The city is also eagerly awaiting the development of the monorail for augmenting the micro markets’ growth that is located far from the IT hub and CBD. The international stadiums development at Vattiyoorkavu and Kazhakootam has increased interest in real estate of the area. Some of the biggest industrial project in this region is the Engine Assembly Unit of German car maker Volkswagen at a cost estimated at Rs 2000 crores. A project worth Rs 1000 crores for making a world class convention centre in Trivandrum may also be implemented by RP Group.

To buy house for sale in Trivandrum, you can look up the various property sites online to know the properties listed in Trivandrum. From apartments to villas, all housing options are listed on the website. You can read up more about the locality, facilities offered and other details of the property. Most builders upload the floor plans of properties that they are developing for buyers to have a look. Even if you do not choose a property in the heart of Thiruvananthapuram, you should opt for peripheral areas which would benefit from the construction of the monorail or metro railway. Whenever you purchase property, you should always consider the capital appreciation prospects of the property. In case you need to sell the property for some purpose, you should be able to realize a good deal on it.

Prior to contacting a builder, you should look up the reputation of the builder along with the past projects that has been delivered by him. Property forums usually have these kinds of information listed and you can go through them to know more. A lot of websites also have live chat services that you can make use of for getting your personal queries answered.

Before you set out to buy property, make sure you have arranged for the finances as it may take up to 6 months to get an optimal loan.

Why Should You Invest in Pune’s Suburbs?

Investors want good returns from the properties in which they pump their money in. Rapidly developing cities like Pune have almost reached a point of saturation and the rate of return does not seem too attractive. Within the city limits, the returns on investment are quite limited and they have been exploited a lot already. Investors have started focusing on the suburbs that are emerging around Pune as they offer higher returns on the investment made. The residential property in Pune has shown sudden growth in the last couple of years because of the expansion of business opportunities that has led to an increase in the immigrants coming into the city. Lots of job opportunities are available in the service sector and the increasing levels of income have further fuelled the spender’s appetite in the area. As Pune is stretching the boundaries in every direction possible, the suburbs have emerged as newer realty hubs. Areas such as Wakad, Baner, Dhanori, Wagholi and Undri have started witnessing a lot of demand from house buyers.

Undri has been thought to be a good destination for residential property in Pune although it did not have the needful infrastructure for quite a few years. Several key areas of Pune are connected well with Undri via the interstate and local expressways and highways. However, despite being so strategically connected, Undri has maintained its serenity. Closeness to NIBM and Wanowrie has ensured that Undri residents have access to necessity amenities of everyday living. In terms of housing real estate, Undri is ideas. It is one of the localities which are close to the central areas of Pune that still offer normal and fulfilling lifestyles at affordable rates. Localities such as Undri are best for offering housing options to affordable segment buyers and for decongesting the central city areas. It is also very near Pune Camp which is also developing quite rapidly to become a hotspot of housing property investment. Investors along with house buyers are quite eager about this region which offers low cost housing options.

Here are a few reasons why you should invest in suburban areas of Pune
The widening of Solapur-Phursungi-Kondhwa-Katraj highway, the all-round connectivity of Undri shall increase rapidly. Also it would be completed soon and be included in the municipal limits of Pune. This would strengthen development of infrastructure further. 

The real estate expansion in Pune is being driven in all directions primarily because the city is an expanding one. With added infrastructure, localities which were once seem as outskirts and undesirable have emerged as well equipped suburbs. As a matter of fact, the inclusion of suburbs is at the heart of the growth story of the city. Because Pune is a small city, the suburbs continue to be well linked to the strategic employment hubs. There are a number of suburbs that have come up in Pune which have attracted both supply and demand of housing. Some of the most important examples are Dhanori, Wakad, Ambegaon and Undri where civic and social infrastructure is set up for accommodating increasing demand. Because of cost effectiveness of these properties their rates increase is more than the increase in demand. These suburbs are mostly preferred by mid income and budget house buyers along with investors.

Support Infrastructure
The development of infrastructure in Pune is going at break neck speed with a strong backing from the government. The city is one of the industrialized, populated and advanced cities of India and construction of commercial and residential complexes, colleges, schools and other campuses is going on at a quick pace on a fast and wide scale in Pune.
There has been improvement in supporting infrastructure steadily and slowly and most people are hopeful that the infrastructure building shall gather more pace after a new government has been instated. The Mumbai-Pune Expressway offers good connectivity between these two cities and a strong network of railways; airways and roads connect it with the rest of the country. The upcoming metro project shall further improve interconnectivity and also connectivity with metropolitan areas surrounding it. The faster pace of economic development and industrial growth along with improved income opportunities in Pune are meant for spatial planning strategically along with planning and regularization for improving sustainable urbanization. The development of slums is one of the problems that growing cities such as Pune have to deal with along with informal housings which are occupied by low income urban dwellers that live in deplorable conditions.

Improved Growth Prospects
The suburbs have better prospects of growth as the areas are widely open and the facilities are enhanced and the supporting infrastructure is better every day. Being a thriving city, Pune manages to offer every aspect of modern life to citizens. The IT revolution has not only profited the economy of the city but it has also brought in awareness regarding holistic and healthy lifestyles compared to existence in crowded cities. This has caused an outward exodus in the city as the suburbs are emerging as residential locations. One of the important reasons is infrastructure because traffic signals are in place and roads are well-maintained. The area is covered with a lot of greenery.

Opportunities available in Suburban Pune
Pashan, Baner, Bavdhan and Balewadi are some of the most prominent areas of Pune. These areas have different options of properties along with high infrastructural facilities. One can quickly assess after reviewing suburban property in Pune that that properties are available for all classes of people. Community living is another advantage why people prefer staying here because it is not very burdening for a buyer or builder.
It has been seen that the highly popular suburban areas have progressed fast when it comes to needed social infrastructure such as colleges, schools, malls and hospitals. There are numerous housing realty investment hotspots, retail zones and residences that are technology enabled within close quarters. Undoubtedly, the growth prospects of suburbs are great. The risks of investing in realty in the suburbs are the same as those in main cities. However, the return on investment in the suburbs is attractive. Therefore, even with more risk associated with the upcoming suburbs, investors shan’t mind grabbing increased returns.

Why Buy Luxury Properties in Mumbai?

The lifestyle quality and pricing dynamics in Mumbai are very unique and are incomparable with other cities of India. The affordable luxury concept now includes all kinds of facilities which accompany the purchase of real estate Mumbai.

 
Premium Quality of Luxury
The justification of the premium localities in Mumbai’s western suburbs is losing logic. When the prices of newly launched properties in Wadala, Serwi, Lower Parel and Parel are compared to that of properties being resold in Goregaon-Andheri best, no margin is left when it comes to pricing points. Those employees spending more than 2 hours every day from this belt to the business areas of Nariman Point, Bandra-Kurla complex and Lower Parel have started moving to the regions nearer to work places.
It is mainly because no extra bit of property buying budget is included any more. Because the price gap is quite substantial, more house buyers are willing to relocate to central suburbs. Newer residential projects have been launched in areas such as Chembur, Ghatkopar, Mulund, Kanjurmarg and Bhandup are priced quite attractively. The property prices in these areas are almost 25 percent lesser than the resale properties in these localities which is bringing in investor/buyer interest.

This kind of trend is coming up in the western suburbs of Mumbai in the Andheri-Borivali area. For these dynamics, astute investors in the real estate Mumbai market are booking profits in resale options, which is why there are moving their investments into primary sales market and profiting from the price difference. As rental yields are lower in areas which have come up recently, investors are focusing more on rental earnings compared to capital ones. This is fitting in well with investment mantra of capitalization and price trends that are being practiced since ages with booking profits and switching assets that lead to increased growth. 

Reasonable Luxury
There are numerous ways in which luxury may be defined although there are a few key aspects in the forefront, such as availability of schools. No matter what income group parents belong to, they try getting their child admitted to a good school which is why their demand for good schools increases as their budget increases. Availability of water round the clock is another important aspect that buyers consider along with public transport such as bus depots and trains. 

A residential society which is spread over 3 to 5 acres offers facilities such as gym, clubhouse, tennis or badminton courts, swimming pools and other facilities. Those investing in these properties after choosing the locations do not want to leave their house on weekends for unwinding and they would rather hold get-togethers at home. In the past 2 or 3 years, these amenities are being innovated upon constants to attract more buyers.
The base cost of such housing complexes is the same as that of other normal projects in the locality although an annual membership fee or charge may be levied for use of these facilities. The charges are usually imposed by developers. Therefore, if you are going to be an end user, investing in these properties would be wise. Other buyers may have to pay partly or wholly the fee depending on the builder’s policy for the amenities on offer. The cost of maintenance of such projects is normally higher which is why monthly outgoings shall be much higher. 

A lot of times, buyers offer luxury amenities without charging anything extra. The amount payable for these projects is the same as the low cost projects in the locality. In such a situation, buyers should make adequate enquiry into the legality of the real estate Mumbai such as finding out the land holding, project approval, land title and much more. It may be so that the developer has some issues with getting the project approved which is why he is trying to offload it as soon as possible. In most of the cases, developers try recovering the cost of creating these amenities through higher fees and rates.

Certain luxury projects which are located in developed micro markets of Thane west and Kharghar, offer almost 10 to 20 percent higher rental earnings compared to other normal projects in the locality. The asking price for such projects may be higher in that case. Luxury properties are usually those whose location and amenities act as its USP. However, there is no one parameter which defines whether a property is a luxury one or not. For example, if a property is in a prime location but there are no amenities offered within the community and residents are subject to heavy pollution and honking, then the area only enjoys good connectivity but is not luxury one. 

Luxury real estate Mumbai are essentially properties which are spacious and allow buyers to do up their house the way they want to. Smart technologies are another parameter for defining luxury properties. Buyers are not hesitating to shell out larger sums if the complex has power and water back up, CCTV cameras installed for safety and other features. Green technology and intelligent lighting are some of the other features for which buyers are willing to pay large sums of money.
If you are thinking of buying luxury properties, it would be better if you settle as an end-user rather than an investor. Renting out an apartment will bring in only 4 percent of the money invested in it while capital appreciation would lead to higher profits in the long run. When you do up your interiors using luxury fittings and items, you should not expect your property to be termed as a luxury one because you are doing up the apartment according to your taste. 

With luxury properties, not only are the price tags high but so are the maintenance expenditures. For every additional square, you have to spend around Rs 8 to Rs 50 per square foot in order to maintain the property.
Within Mumbai, Vashi, Borivli, Malad, Kandivli and Mulund offer luxury properties within Rs 1 to 2 crores whereas on the outskirts, areas such as Dombivli, Kharghar, Ghodbunder Road, Kalyan and other similar areas offer luxury properties within affordable rates.

Where Should You Rent Houses in Hyderabad?

Most people working in the IT sector of Hyderabad live in rented accommodations as they have come in from different cities and have a chance of being transferred to another one. There are certain areas where rental values are higher than other areas because of their proximity to IT corridors of Hyderabad. For example, in Madhapur, the rental rates have gone up by 8 percent in the past 3 months. It is also a part of the top 10 localities in Hyderabad. The main reason why rental rate in this area is increasing is the presence of IT and ITeS companies.

Many IT hubs are located near the area such as those in Kukatpally, Kondapur, Hitech City and KPHB. Those working in the software companies based in these IT hubs prefer renting properties in this locality. The demand for property in Madhapur has risen because employees want to stay as near as possible to their work places so that travelling to work is not an issue. The walk-to-work culture is quite prevalent here. The other reason why demand has gone up in this area is the presence of big and small IT companies in this locality. This has multiplied the employee strength in these IT hubs, which has further boosted the demand for rental properties. Most people working in these companies are migrants who are uncertain about whether they will be staying here for long or not.

Currently the rental rates in this area are between Rs 12000 and Rs 16000 in a month. The demand for 2 and 3BHK apartments is quite high in this locality. Most employees like to make groups and stay which is why they look for larger apartments. Rarely do people prefer to live in a 1BHK property here. The rental rate for 2BHK apartments is between Rs 10000 and Rs 20,000 in a month whereas for 3BHK units, the rental rate for flats is around Rs 15000 to Rs 40000 in a month. People prefer to rent apartments in both stand-alone complexes and gated communities in Hyderabad. The starting of the metro line in this area has not affected the rental market although it has affected the capital one.

Future Prospects of the Rental Market

Most market experts believe the rent would increase more in Madhapur. The real estate in Hyderabad has been quite low in the past couple of months. However, now that a stable government has come to the centre, rental rates would increase further and the capital values would also be more.

Another area where the rental market is quite upbeat in Hyderabad is Ameerpet, where quality properties are available at lower rental rates. Ameerpet has a lot of training institutes for software in Hyderabad which is why it is preferred a lot for renting in the city. Moreover, there has been a drop of almost 8 percent in the rental values in the first quarter of 2014.

A lot of the employees and outstation students who work in the IT firms close by rent out the properties located here. The main reason why rental values have declined is that recruitment by software companies is not very high at this time. This has made the rental market a little slow which has led to a fall in the rental values of the area. Also, because a stable government in Andhra Pradesh is absent and the state being under President’s Rule, volatility has been introduced in the market which has caused some decline in the asking rate for rental properties. Those who live in this area have very low budgets and they do keep coming in irrespective of the falling political condition of the state. However, the employees of software companies here majorly impact rental markets in the area and dwindling demand from them has impacted the property market badly.

Another cause for the fall in rental values is the plentiful availability of rental properties in this area. Because Ameerpet is favourable to people who want to live on rental properties, investors lease out properties usually to house for rent in Hyderabad for gaining rental returns. This has caused an oversupply of house for rent in Hyderabad in Ameerpet.

All About Ameerpet 

To rent property in Ameerpet, you would have to spend anything between Rs 5000 and Rs 25000. Usually 1 or 2BHK apartments are preferable in this area. Ameerpet is a mix of residential and commercial properties. There are quite a few commercial businesses, textile and retail stores and IT companies located in this area. What makes Ameerpet famous among people, are the training institutes for software located in this area where individuals from all over the country travel to.

Easy connectivity to areas such as Banjara Hills, KPHB, Begumpet, Hitech City, Jubilee Hills, Somajigutta and Punjagutta is offered by Ameerpet. Numerous IT companies are located near it which employs hundreds of workers. The APSRTC buses can be availed for commuting to different areas of the city. Ameerpet shall soon have a metro station that would improve the connectivity of the area. Those dealing in rented properties in Ameerpet believe that the market would stabilize as the Lok Sabha elections have been concluded successfully and a stable and dynamic government has come up in the centre. As the economy takes on a faster growth trajectory, the market too would recover.

To find house for rent in Hyderabad, going online is the best option. Select the locality that you want to find a house in from the drop down list and the website would show you the best options available for you. The floor space along with the property layout shall be available to you for viewing. You can also determine the rental rate of the property along with the contact information of the landlord.

Prior to renting the property, you must visit it to make sure it does there are no damages. If the damages are manageable enough to live with, you should ask for significant discounts on the property and in case of excessive damage, you should skip the property.

Life Along the Mumbai-Pune Expressway in Kothrud

Till some time ago, Kothrud was a micro market that was less known to most people. But over time, it has emerged as a busy locality. The realty growth in the area has been mainly for its social infrastructure and location which is provided to the residents. The area was known as KothrudBaug previously and is located in the south western part of Pune. It comes under Haveli Taluka and Paud Road and Karve Road pass through this area. Kothrud is only 12kms from the Mumbai-Pune expressway and given the proximity of the area to the expressway, the locality has become popular among buyers.

There has been tremendous growth witnessed in Kothrud in the past 7 to 8 years and it has become a destination much favoured in Pune. The growth pace has been quite rapid and the area’s population has gone up manifold. Almost 90 percent of this area is developed and is now considered to be a densely populated suburb. This micro market is a good mix of affordable housing units and higher end housing areas. Currently, flat for sale in Pune Kothrud costs anything between Rs 9000 to Rs 10000 per square foot. In the year 2004, the rate that was going for properties here was around Rs 1200 to Rs 2000 per square foot. The appreciation of prices over the years has been by 11 percent almost. The rental rate of properties is around Rs 17 for a square foot. Roughly 93 percent of the properties available here are apartments. Most of the projects in this area fall under the Rs 7000 per square foot rate.

Currently, Kothrud is one of the most sought after destinations of Pune for the excellent connectivity offered to different areas of the city along with high social infrastructure. As it is an established location that has stand-alone housing projects along with older bungalows, newer unit supplies have been low in Kothrud in the past couple of years. The availability of limited land for newer developments has made builders redevelop the older bungalows and housing societies. The newer flats that are available mainly belong to the 3 to 4 BHK configuration whose sizes range between 1500 and 2,500 per square foot. The prices are between Rs 9000 and Rs 11,000 per square foot and their prices have gone up by 30 to 35 percent almost in the last 2 years mainly because of supply-demand mismatch.

In the past few years, Kothrud has turned from being an industrial area only to a very prominent end-user housing micro market in Pune. Karve Road and Paud Road make the connectivity from Kothrud good to central areas of the city while the Bangalore-Mumbai highway makes it easy to access the Hinjewadi IT Park from Kothrud.

Infrastructure 
There are many key infrastructure projects that are set to come up in the vicinity of Kothrud. The expansion of Paud Road is one of the infrastructure projects that will greatly impact property prices in this area. The twin lane road shall be widened to a six- lane road by the end of 2016. Companies such as Tech Mahindra, Cummins India, and Cognizant are located near Kothrud. The locality has got good social infrastructure and together with good quality civic infrastructure, Kothrud has become one of the most pursued localities in Pune.

The metro railway project that has been planned shall add to the real estate growth of this area. It is likely that Kothrud shall witness important infrastructural developments in coming future with the RamwadiVanaz section of the Pune Metro Phase I which would pass through Karve Road and Paud Road and have the main depot located at Kothrud. Moreover, the Pune Municipal Corporation has decided to add road tunnels to Kothrud for connecting to Baner, Pashan and Aundh for improving connectivity in these areas and ease traffic congestion. These infrastructural developments that have been proposed alongside the Paud Road widening that has been planned along with the current supply-demand mismatch aims to give promising outlook for housing realty developments in Kothrud.

The area’s social fabric is also one of the engines of growth in this area. Because of quick development in the past few years, Kothrud has a lot of educational institutes, MNCs, hospitals, banks and other companies. The quick development has led to a significant decline in the availability of land for more development. Therefore, a lot of development works have moved to Shivane, Warje and Bavdhan which have benefitted directly from the quick development of Kothrud. The extension of Paud Road from Pirangut and Bavdhan has also shown a lot of development.

Future Growth Prospects and Emerging Areas

Because of the dense growth in this area, localities such as Warje, Shivane and Bavdhan are witnessing rapid growth. Currently, the capital values of residential apartments in Kothrud are between Rs 9000 to Rs 9500 for a square foot but per square foot value is around Rs 5000 to Rs 7000 per square foot in Warje and Bavdhan. Comparatively, Shivane is a newer micro market which is being developed and its capital values are lower at Rs 2500 to Rs 6000 per sq. ft. A lot of the projects in these micro markets have 3, 2 and 1 BHK flat for sale in Pune although the demand for 2BHK flats has been highest here. Because of several factors that include higher demand from end-users, strategic location and overall development etc. Kothrud’s capital values may perhaps increase by almost 12% to 15% in the coming 18 to 24 months.

You can look up different properties in Pune for purchase online. Simply select a locality that you would want to own your property in and the website would show you the appropriate results for it. Buying property in Pune at this time is a good idea because Pune has shown the fastest real estate development and also property prices are increasing quite rapidly. Prior to purchasing property, you should make sure of the builder’s timeliness and delivery of projects along with the facilities on offer.

Should You Buy Property in This Stagnant Market?

Most people who intend to buy properties are in a dilemma about waiting and watching or going for the kill. Property prices are quite high although sales are not which is why buyers are waiting to see if the price of properties fall or not.

If you too are thinking of buying property, this would be a good post for you to go through

Investing when you have the power to negotiate 

The momentum in stagnant markets is always missing. Even though it makes sense to wait for a drop in price, if you come by a property which fits the bill of what you want, don’t hesitate to buy. Most buyers were speculating prior to the election which has led to stagnancy in the market. However, house buyers must understand that this is the ideal time to buy property in order to get a good deal. With piling inventory, developers are willing to negotiate the property prices.

When the real estate market turns out to be sluggish, it is a good time for buyers to move in. Many developers are willing to negotiate between 5 and 7 percent of the property price quite unlike active markets where the market is entirely controlled by sellers. Depending on the brand, buyers can look forward to festival discounts, well designed packages and free registration aside from other concessions.

Developers have already started offering freebies and discounts on their properties which would increase further as the year closes. The real estate market becomes quite dynamic during the festive season in India as buyers look forward to getting discounts and offers on their purchases and developers to sales that have freebies. Compared to the past 2 years, the festive season spells good sales this year. Because of lower buyer sentiments, the market has piled on lots of unsold inventory. Areas such as Gurgaon, Navi Mumbai, Thane, Greater Noida and Noida are expected to show hefty discounts on the properties available.

The developers are willing to negotiate with those who want to buy property this festive season in terms of price rather than offering cars, gold coins and foreign trips, which were offered in the past 2 years. For example, in the Delhi NCR region, most of the developers offer Possession Linked Plans or PLPs as festive offers where numerous schemes of payment are offered such as 10:90, 30:30:30, 30:70 and 25:75 etc. Many developers have given up EMIs till the time of possession for wooing in customers. Several developers are also looking to book flats on behalf of those who want to buy property for Rs 1 to 2 lakhs only!

Developers seem to be making a killing by offering cash discounts as more buyers are inclined towards these cash discounts over free gifts.  Almost 60 percent of house buyers would prefer to buy property in the festive season if cash discounts are offered on the property. This time is certainly a good one for buyers to purchase property because builders are willing to negotiate on the price of the property. Not only do buyers have a good chance of saving a hefty amount but also the freedom to choose from wide range of options because of the adequate supply in the property market. Once the inventory accumulated is exhausted, prices should increase as buyer sentiments are expected to grow. Therefore, you should certainly consider buying properties at this time of the year, when the market is slow. You should research enough prior to targeting a particular project because you have a good chance of getting great property.

Quality Properties are sold in a Slow Market

When the market is in the hands of sellers, almost anything is sold. At a time when everyone indulges in purchase of property, it would be hard to resist. However, when the market is slow, buyers have to be cautious about their choices and certainly judge the quality of a project before purchasing it. At a time when demand is high, builders seldom follow up with buyers.

What most buyers do not realize is that branding of a project begins right after the stage of possession. When you sell an apartment, you are selling lifestyles and dreams. Therefore builders must certainly take care to assess the quality that he is supplying buyers with and therefore must follow up buyers or look into complaints through consumer grievance cells. At a time when the real estate market is slow, purchasers can make out easily what is good for their lifestyle and taste.

Real Buyers are Active at all Times

Even though most analysts claim that real estate markets in cities are stagnant, the story is much different form that. At all points of time in a market, there are potential vs actual buyers. The actual buyers are people who have saved a part of their income through the years and research adequately into properties available. They consider purchasing decisions about properties for months almost because their savings would be entirely vested in this. Even though they invest their money wisely, they do not keep postponing their decision. They simply wait for good deals to come by.

Actual buyers usually have certain temptations that get them to the market. A lot of buyers look to purchase property during the Navratri festival. Even though they decide upon properties that they want to buy beforehand, they still wait around for good deals to come by during the festival. During slow markets, mostly investors sit out of the market because the benefit of purchasing the property is not there. End users are always active no matter what the market situation is.

Youngsters want quick returns on investment

Most youngsters nowadays are oriented towards investment. Instead of putting their money in gold which they consider as dead investment, they are investing in mutual funds, property and stocks. Since properties are secure investments, youngsters do not mind putting their money in them as their value would appreciate in the future. Moreover, realty prices have increased to a good extent in the past few years. Therefore, if you wait around for a faster market and right time, you may end up spending more than what you intended to for your dream home.