Hi Mr Tushar, Consumer sentiments in the real estate markets have improved slightly ever since the formation of a stable government at the Centre. However, buyers around the country are still showing caution about possible danger of taking that final step towards buying a property. Many are still warming the fences in anticipation of a further correction in prices.
Yes Richa you are absolutely right. In my point of view, this is probably the best time to get something that suits your current needs, if not something aspirational. To sell off the built inventory, developers are creating tailor-made schemes for end users. These schemes would not be available once the existing inventory is sold. So, this is actually a limited period offer.
As per my knowledge, at present, there are excessive amount of schemes in the market. These include options which require you to pay just 5 per cent of the total cost or even as low as Rs 100 to make a booking. It is certain that the new project launches in the coming months would not be offering these schemes.
In my point of view, there is no best time to buy. One should buy whenever you have the required finances. Thus, if you are not struggling with finances, this is definitely the best time to buy as prices are not going to come down any further. In fact, it is not economically viable for a developer to drop prices anymore which in turn has compelled us to initiate the various schemes.