Right time to sell my property considering home property prices falling down??

Q: Do home property prices going to come down in next 6 to 7 years? Do i need to sell my 2BHK property in Badlapur right now?

Abhishek, Apartment Resident

12th September 2015

Property Selling in Badlapur East, Mumbai

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Replies (2)

A completely agree with Jerome....
Secondly, land is a natural resource therefore its in short supply. Land price increase much faster compared to property/flat price therefore many people buy land for investment purpose rather buying a property. If Land cost will increase than definitely, it will increase the price of a property.

Shrikant Kejriwal, Mumbai

15th September 2015

Comment

My advice to you that if you are getting a good deal then you should go ahead. But before that you should look for a good and emerging locality where you can buy a property and can expect a handsum return in 3-5 years. Sell the current property if you are getting a good return.

Jerome Fernandez, Mumbai

15th September 2015

My comment is that property prices are always range limit and never go below lower bracket of range e.g. If current psf Price in Vashi area of Navi Mumbai is Rs.10000 then you might find properties in the range of Rs.9000 psf to 11000 psf i.e. within the range of 9000 to 11000 psf but don,t expect prices to go below 9000 psf except distress sale or properties with inherit disadvantages like south facing property or property near graveyards.

Shrikant Kejriwal, Mumbai

15th September 2015

Comment

You are right Shrikant!!!!
You must be wondering why property prices don't fall, there certain are reasons behind the same. 1) Circulation of black money:- Though lot of steps have been taken to stop Black Money transaction from Real Estate market but still Black Money cannot be controlled100%. Normally 25%-30% cash/black component is involved in any property transaction. Because of this a middle class find very difficult to buy a house.

Jerome Fernandez, Mumbai

15th September 2015

Right Jerome,
Indian Real Estate market is dominated by Investor's not by end users. These investor's are Businessmen, NRI's or Politicians. Investor's control approx 80% of supply which in turn increase the rates.

Shrikant Kejriwal, Mumbai

15th September 2015