The coming year may see prices correcting only in some locations and
segments. A revival in the real estate market will, however, depend on
the overall economic situation.
If the general elections throw up a more pro-business government, the economy and consumer confidence may improve. If inflation moderates, the central bank may be able to cut rates in the second half of 2014 and home loan rates may follow suit, providing a fillip to the real estate sector.
The impact of the Land Acquisition, Rehabilitation and Resettlement Bill may not be felt in 2014. "Most developers already own large land banks, which they will develop before acquiring additional land," says Anshul Jain, chief executive, DTZ.
Buyers should make the most of the opportunities available currently. However, they should not postpone their purchase plans endlessly. Since delay in delivery is the biggest risk during a slowdown, buyers must invest with established developers who have the financial wherewithal to complete their projects.
Those wanting to invest in real estate may also take advantage of the current price discounts. However, they must expect to stay invested for three to five years to be able to earn a decent return. Moreover, only surplus and not borrowed capital should be invested in this asset class. This is because if you are hit by financial difficulties and want to sell your house, doing so quickly will be almost impossible amidst this slowdown.
Call Advik Realty : 845404 9848
If the general elections throw up a more pro-business government, the economy and consumer confidence may improve. If inflation moderates, the central bank may be able to cut rates in the second half of 2014 and home loan rates may follow suit, providing a fillip to the real estate sector.
The impact of the Land Acquisition, Rehabilitation and Resettlement Bill may not be felt in 2014. "Most developers already own large land banks, which they will develop before acquiring additional land," says Anshul Jain, chief executive, DTZ.
Buyers should make the most of the opportunities available currently. However, they should not postpone their purchase plans endlessly. Since delay in delivery is the biggest risk during a slowdown, buyers must invest with established developers who have the financial wherewithal to complete their projects.
Those wanting to invest in real estate may also take advantage of the current price discounts. However, they must expect to stay invested for three to five years to be able to earn a decent return. Moreover, only surplus and not borrowed capital should be invested in this asset class. This is because if you are hit by financial difficulties and want to sell your house, doing so quickly will be almost impossible amidst this slowdown.
Call Advik Realty : 845404 9848
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