LET THE REAL ESTATE FESTIVAL BEGIN

Q: The festive period has always brought good news for the property markets in India. Developers have the same expectations this time too.

Samrat,

14th October 2015

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Replies (3)

Hi everyone,
As we all know that the real estate market is slow and easy EMI attractive payment plans have been offered by big developers. On the other side, as on government level many policies are yet to be implemented. I do see that once the executions of these policies will get started, the prices will start to rise.

Niyati Juthali, Mumbai

14th October 2015

Comment

Hope so that it will go on as you say.........developers look at it as an opportunity in which their inventories can be sold in large numbers and for customers this season is an opportunity to choose their dream home from a large range of properties and that too at very competitive rates coupled with attractive schemes and payment options.

Piyush Khoche, Pune

14th October 2015

Yes, this festive season along with the recent rate cut by RBI has created a win-win situation for both home buyers as well as developers. Festive season is always looked as the best time to invest in properties. On the other hand, RBI's higher than expected rate cut of 50 bps on such a perfect time has invited praise from all over the real estate sector.

Varun,

14th October 2015

Comment

At the same time, developers are looking forward to the festive season with a hope that sector will see an upward movement. Since the last 6 months have been very weak for the sector, developers are now depending on the festive season. Even the inquiries have also picked up by 15% against last year.

Niyati Juthali, Mumbai

14th October 2015

The main reason is that people link property acquisition with auspicious dates in our country. Navratri is considered to be the most favourable time and that is the reason developers are hopeful that this season will bring them new customers, so they are looking forward to the season, hoping the sector to see a growth.

Varun,

14th October 2015

Yes, Real estate is one of the sectors that reaches the peak during the festive season which is from October to December. The season starts from Navratri followed by Durga Puja, Dussehera and reaches its peak around the festival of lights, Diwali.

Varun,

14th October 2015

Comment

And mood of the market seems more positive due to rate cut by RBI and banks. It is expected that the market mood will be up and the buyers would come forward to close deals and will buy properties in this upcoming festive season.

Shailja, Delhi-NCR

14th October 2015