Real estate across the country, including Hyderabad had shot up so high in all locations that after a correction one cannot expect the prices to reach back or surpass those levels in a quick span. Therefore it is losing the flavor with the investors. So the timing looks difficult for both the investors and the builders in the market, as after making a lot of money, the net worth is likely to come down. It may be temporary for a few years but we all know how lucky we are at least as the prices come down but when they go up...... They only go up and up.
Hence, it is important for Builders and developers to be easy with their terms and conditions, have a long-term view for letting the investors sell at their free will, as they will never have faith in them if the market bounces back and builders will always need investors to start off and kick off the sales in a big manner.
Tuesday, January 20, 2009
COMPETITION HOTS UP
There is good news for the property buyers, it is finally competition time in the property market today, as builders or developers have started competing with each other in placing their pricing policy. Several builders are seen slashing their prices in locations where there is abundant supply and a dearth of buyers. This trend is mostly visible in the suburbs and far suburbs but the signs are clear that a lot of builders are cutting prices to be the first ones to encash on the demand which come out. And this direction seems very healthy for the buyer or consumer as he is getting the benefit of the competition in the market, which earlier was only seen in the opposite manner, as to whose prices are higher.
Saturday, January 17, 2009
INTEREST RATE FALL BOOSTS REALTY SECTOR
The year 2009 will bring cheer to both homebuyers and builders alike. The sector has seen a major shift in 2008. To counter the slowdown and make houses affordable to the middle income segment, many developers have shifted their focus to the construction of affordable houses. The move has become even more effective, as interest rates on home loans have declined and are expected to go down further...
Friday, January 16, 2009
BUY BUT WISELY
As property rates and interest rates on homes loans show signs of coming down, it seems likely that the next few months will see buyers slowly returning to the market. But experts believe that given the recent events and the global downturn, it is quite likely that buyers are going to be more circumspect, more likely to do their homework than in the heady boom days where projects were sold within hours of being thrown open for booking.
Saturday, January 10, 2009
REALTY Sector Set for Uptrend in 2009
The year 2009 may bring some cheer to homebuyers across the country. The real estate sector suffered in 2008. It started with a tight monetary policy resulting in a high interest rate regime pursued by the Reserve Bank of India to contain inflation, and was then hit by the eruption of global financial crisis in September 2008.
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