Real India Property Aspects

The real estate market in India continues to remain inactive as relative transaction volumes are at an all-time low due to the elevated property prices. Usually, property sales in the city go up between February and April, with March recording the highest number of contacts. Home registrations in February have come down to 4,716 from 5,735 in the same month last year. Property sales usually peak as it is regarded the most favorable period to buy property.

India Real Estate has topped the chart as it is considered a safer investment option compared to other instruments and the booming real estate sector in Tier-II towns of the country. Almost 60 per cent of respondents in a random survey conducted by Associated Chambers of Commerce and Industry of India in seven Indian non-metro cities preferred realty, followed by bullion and stock market at 20 per cent and 15 per cent, respectively.

At least four real estate funds are raising about Rs. 2,000 crore to invest in rental yield assets because of the lower risk and regular income associated with such property compared with new developments. Developers in India, are now going the extra mile through aggressive marketing technique that varies from incentives to buyers to hiring personal relationship managers, to boost sales. India is now witness to different developers competing against each other and against established brands to gain a foothold in the sector. The trend which was restricted to high-end projects is now catching up in the affordable segment. Tata Housng have already mastered the skills to excel in this business and have been building projects under the brand name Shubh Griha and New Haven in joint ventures with land owners to keep costs under control. Even Bangalore-based realty firm Purvankara projects Cosmo city, Welworth city in Chennai and Bangalore respectively are into this segment through its associate company Provident. And now Delhi Developre Mahindra Lifespace Developers Ltd, the real estate and infrastructure company of the over $11 billion Mahindra group, has kept low-cost housing under its radar and is in the process of acquiring appropriate technology to make a grand entry into this segment. And they believe that the housing sector would further grow this year due to continued demand from all sections. Affordable housing has a big demand in Real Estate Market thus more real estate companies trying to please the masses with pocket-friendly offerings.

If you are planning to buy property in the near future, get ready to pay more or settle for a rented accommodation. Soaring property prices are transforming key residential destinations, such as Delhi-National Capital Region (NCR), Mumbai and Pune, into rental destinations