“For buyers, this could be a great opportunity to get a deal, especially in ready to move-in projects, as real estate prices are likely to face a downward pressure and a few sellers may be more willing to negotiate and lower the prices of housing units,” says Khurshed Gandhi, Managing Director, Consulting Services, India, Cushman & Wakefield.
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Home loan rates will soften
If you have been putting off buying your dream home because you’re not ready for the high EMIs, you can expect to have more breathing room now. This is because lending rates are likely to come down further. Due to demonetisation, a large amount of cash in circulation will be brought within the purview of the formal banking system through low-cost current account and saving account deposits. Since this will reduce the dependence of banks on high ..
Budget-friendly alternative
Until recently, developers were more focused on offering solutions in the premium and upper-mid range segments, since they expected high demand in this space. However, there has instead been a visible shift in demand from big ticket purchases mostly led by investors, to purchases by end-use customers, who now constitute almost 90% of aspiring home buyers. As a result of this, builders are increasingly shifting their attention to the affordable ..
“Not only are prices down in most cities, but developers have also introduced schemes and incentives to make deals more lucrative.” Anuj Puri Chairman & Country Head, JLL India
