Is it correct time to buy apartment? or its better to wait somemore months

Q: I am planning to buy apratement in OMR,Is this good time or should I wait for some more months?

T Gadhatharan,

12th January 2017

Buying property in OMR, Chennai

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I personally feel that there won't be any further price depreciation. Since the air has cleared a bit after demonetization, it is the right time to invest in profitable areas at present. The property prices are lower than before and that too in areas with good appreciation value. Apart from OMR, I believe Avadi has been on the rise, with a considerable increase in its property value time to time. The project Happinest in this area is very good investment. And with a reputed name like Mahindra Lifespaces, the ROI is expected to be high too. You can consider this.

ria, Chennai

17th March 2017

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According to me, if you have planned your investments, and sorted in terms of down payment, anytime is perfect for buying a luxurious apartment in Chennai. Chennai is developing with respect to real estate, land prices and taxes levied on the properties. If you are thinking to buy a property in Chennai, it is a very good opportunity, for two good reasons. Firstly, due to demonetization, the prices per square centimeter if not dropped drastically, but has definitely dropped few thousands. Therefore, you will be saving a significant amount of money in this deal. This saved money can be used to pay stamp duty, NOC, and other certificates’ charges. Secondly, buying a property even for investment purposes will fetch you good returns. What will happen if you wait for some more months is the property prices will rise all over again and instead you will have to shell out a little more than you expected. Here are some luxurious apartments where you can invest http://bit.ly/29byLB0

Dinesh Dhawde,

22nd January 2017

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Great properties at OMR and other areas. Please contact Sunil Kumar 9791052892. Email: atsunil@hotmail.com

Sunil, Chennai

12th January 2017

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Hi Gadhatharan, It is suggested that home buyers should wait for some couple of months because after demonetization, most banks are expected to announce a cut in home loan interest rates.

Secondly, home buyers should wait for the income tax sops announced in the next budget.

Shyam Sundar, Chennai

12th January 2017

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