December is the ideal time to plan for a new home the following year. The planning should take-off by deciding the location and the type of property that suits the buyer. Furthermore, an out-and-out analysis of the budget is a mandate. As per property consultants, the first three months of a year are the perfect time for a buyer to make a headway for property transactions.
Bangalore has witnessed a huge influx of IT/ITes professionals, accountable for the rise in demand for residential property. With the beefing up of the connectivity from the suburbs to the city, demand for affordable housing units has received a significant boost.
Experts suggest that demand in this segment will rise at a steady pace, given the augmented connectivity and rise of commercial developments in the suburbs. If you are planning for an investment purpose invest now. :) :)
Hey Maya, Thanks for your reply but according to financial analysts, further depreciation of rupee against the dollar will run up the cost of construction materials. So what is your in that.
Property investment, by far, is still one of the most calculated approaches, since it crops higher returns. Every year, by the end of December and with the onset of January, investors conduct a brief research on the best performing markets of the present year to determine the most apt region for investment in the next tenure.
Analysis of the property market in the last few years puts up the fact that the cost of construction has hit the ceiling. Cost of cement, sand, labour and steel have elevated consistently in the last few years. Before giving a nod to a particular region for property investment, prospective home buyers need to take into consideration such aspects and take decision.