|April 16, 2018||No Comments|
The performance of real estate in 2017 was lacklustre due to the growth in prices and dip in sales. Among Indians, real estate is one of the most sought-after investment avenues. The sector has also been hit hard with the reforms brought in by the government in the form of Real Estate (Regulation and Development) Act (RERA), Goods & Services Tax (GST) and Demonetisation. People keep a constant watch on the property market for months and years searching and researching. Most of them wait too long without taking a decision. It is a popular belief that the monetary outflow for such a transaction is rather huge. But people also do not realise that opportunities such as the TVH Quadrant – Adyar are fast passing them by. They end up pushing off their purchases too far out, renewing their rental agreements and incessantly waiting for property prices or interest rates to fall.
Buyers are recommended to stay financially prepared and choose great locations like the TVH Titanium City – Tambaram to stay and arm themselves with the right kind of prep work and make some really smart choices. Real estate is a great investment and can secure your future. Besides, it can be very beneficial in the long run if you set the perfect timing for your real estate investment. Invest in TVH Ouranya Bay – OMR when the time is ripe. 2018 is still young and property investors are also trying to figure out their potentials for the year.
If you are still musing whether 2018 is the right time to invest in a new home then definitely, yes. The norms are extremely friendly and the interest rates are low. There couldn’t be a better time to invest in a house. Some of the reasons why 2018 is really good to invest in a new house are:
Real Estate Reforms are clearly buyer-friendly in 2018. In fact, the positive effects of the reforms could be seen by the end of 2017, itself.
The demand and supply gap is bridging. The huge mismatch noticed due to the low buying capacity vs. excess supply of property is now consociated.
Interest rates are extremely low
The regulatory reforms and structures are receiving renewed attention from global investors
Some great projects are in the offing for property buyers. Against foreign investments, these will become readily available with all amenities.