Planning to buy a home

Q: Is this the right time for the end users to buy a home?

Puneet Laskar,

21st January 2014

Real estate News in Mumbai

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apartments in mumbai

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Replies (8)

According to 2014 will be a great year for genuine home buyers and I feel property price will move in a narrow range.

Suresh,

22nd January 2014

Comment

Which is a preferred choice for a home buyers apartments, villas or plotted development?

Ravindra Singh,

22nd January 2014

Comment

According to sources, in 2014, around 65% of home buyers will be looking for apartments or flats. Plotted developments has also emerged as the preferred choice for a few home buyers by 15 percent. Home buyers prefer apartments in cities like Delhi, Mumbai and other such cities that have high property prices and scarcity of land.

Srikumar Nair,

22nd January 2014

The tricky part is that it is not possible to know exactly when property prices will reach the lowest and start picking up again. One good indicator of this trend can be the job scenario. When industries, driving the economy, start increasing hiring the economy starts improving. Going by news reports, industries in India plan to start massive hiring for sectors such as banking and Information Technology. This will mark the beginning of the revival of country's economy.

Balwinder Singh,

22nd January 2014

Comment

In the current scenario it looks difficult to expect a reduction in property prices. Market stagnancy is what one can expect at the most. However, hopes of improvement in employment opportunities and the country's economy can give a boost to the demand for properties this year, leading to a hike in property prices.

Diwakar Shetty,

22nd January 2014

When is the ideal time to buy a property? Any suggestion.

Kishore Pathak, Mumbai

22nd January 2014

Comment

The ideal time for buyers to buy properties is when property prices are at their lowest. It is also an opportune time to rent out properties to purchase-averse families. When the economy improves, the appetite for home ownership too grows. This leads to growth in demand and naturally an increase in property prices.

Jerome Fernandez, Mumbai

22nd January 2014

While selecting a property what are the things end users should be aware of?

Krishnendu, Pune

21st January 2014

Comment

You can get facilities like zero maintenance for two years and extra car parking space for free because the developer wants to clear the position. It is important to understand the location dynamics.

Vinay Sharma, Pune

21st January 2014

I feel this is absolutely the correct time to buy property before the elections because after the elections, you never know how the real market will be. Developers are giving different kinds of offers and freebies such as free car parking, extra space, etc. Property buyers can also negotiate to choose properties as per their own requirement and preferences.

Deepti Baragur, Pune

21st January 2014

Comment

Most middle-class Indians are still able to keep their homes. This is mainly due to our conservative banking system, which requires multiple checks before disbursing a home loan. Moreover, Indians consider their homes as their most important possession. Hence, it is their obligation to make payments towards their most important possession.

Jerome Fernandez, Mumbai

22nd January 2014

Pune and Mumbai offer great opportunities for the builders and developers to create housing for potential home buyers and office spaces for new age professionals, business communities and corporates. Mainly the Mumbai-Pune stretch offers maximum value for money because of its close connectivity to the twin cities.

Deepti Baragur, Pune

21st January 2014

Comment

I heard that resellers and developers are trying hard to selling their property which are in stock. Moreover they are giving discounts and scope are there to negotiate more. It is very important to understand market's trend and compare the offers.

Vinay Sharma, Pune

21st January 2014

According to experts, the current realty market of Mumbai and Pune will remain subdued from the investors’ point of view but if you are an end-user and planning to buy your dream house then this can be a good chance to get your dream home at a good discount.

Saurav Mishra, Pune

21st January 2014

Comment

Hey Saurav, Can you tell me why did you say that it is an ideal time for end users and not for investors?

Krishnendu, Pune

21st January 2014

There are different reasons that impact the buying decision of an investor like interest rates, the location choice, brand, price, etc. But an end-user has to concentrated on buying dynamics and they focuses on the right place, the right price and a comprehensive package for a good lifestyle

Saurav Mishra, Pune

21st January 2014