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Do not delay if you want to buy property, price may increase from October
Are you planning to buy a property? If so, do not delay. Residential property prices may increase in major cities of the country. Prices of these firms are expected to increase in the second half of this financial year (October-March). With the increase in demand, the prospect of catching property sales is expected.
In some markets, demand has seen rapid growth. This led to a decline in prices. 360 Realtors and License Foras recently released a report about this. According to this, "In the last five years in the big residential markets like Delhi-NCR and Bengaluru, the average prices of property were witnessed a slight decline, whereas the average prices of property in Mumbai, Pune, and Hyderabad have increased."
According to the report, "By the middle of the financial year 2019-20, the business sentiment of the market can change and this can increase property prices.
According to the report, Hyderabad has been the best property market in 2018-19. In the current financial year, it can become one of the fastest growing residential markets. In the last quarter of the last financial year, Bengaluru recorded the highest growth of 4 percent. While Delhi-NCR grew by 3.5 percent. During this period, Pune and Mumbai recorded an increase of 1.3 percent and 0.1 percent respectively.
Anand Narayan, COO of Purvankara, said, "There is not much disruption in the market, but the volume of sales is increasing, we are increasing prices in our projects. Growth can be seen more than that. "
The government and the Reserve Bank of India (RBI) have taken several positive steps to boost the sector. The central bank has cut interest rates twice in 2019.
"The RBI's stand is positive, it has given the opportunity to home buyers by reducing interest rates, which will open up the way for them to borrow less on interest rates," said Om Ahuja, COO of Raheja Corp, Real Estate Company. They will be able to take home of their choice. " By the way, the launch of housing projects can continue to be dull.
In some markets, demand has seen rapid growth. This led to a decline in prices. 360 Realtors and License Foras recently released a report about this. According to this, "In the last five years in the big residential markets like Delhi-NCR and Bengaluru, the average prices of property were witnessed a slight decline, whereas the average prices of property in Mumbai, Pune, and Hyderabad have increased."
According to the report, "By the middle of the financial year 2019-20, the business sentiment of the market can change and this can increase property prices.
According to the report, Hyderabad has been the best property market in 2018-19. In the current financial year, it can become one of the fastest growing residential markets. In the last quarter of the last financial year, Bengaluru recorded the highest growth of 4 percent. While Delhi-NCR grew by 3.5 percent. During this period, Pune and Mumbai recorded an increase of 1.3 percent and 0.1 percent respectively.
Anand Narayan, COO of Purvankara, said, "There is not much disruption in the market, but the volume of sales is increasing, we are increasing prices in our projects. Growth can be seen more than that. "
The government and the Reserve Bank of India (RBI) have taken several positive steps to boost the sector. The central bank has cut interest rates twice in 2019.
"The RBI's stand is positive, it has given the opportunity to home buyers by reducing interest rates, which will open up the way for them to borrow less on interest rates," said Om Ahuja, COO of Raheja Corp, Real Estate Company. They will be able to take home of their choice. " By the way, the launch of housing projects can continue to be dull.
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