The slowly improving Indian real estate sector and buyer sentiments
Investment for an Indian buyer usually happens with three options – property, equities and gold. Although the property market was being perceived as ‘down’ in the last 3 years, it has now gained momentum.
Considering Long-Term Capital Gains (LTGC), the buyers have once again started looking at property as an emotional asset. The changing market dynamics have brought in the required modifications and it certainly is the right time to invest, before the prices soar high.
A reliable realtor and the MD of Swadesh Builders Bhopal, Nitin Agrawal opines that the market is pacing up every passing day. It is only a matter of time that the changing landscape of global investments brings real estate to the forefront.
Buying a property for both investment purposes and personal use is ideal at this point of time. What makes the real estate market enticing right now is the fact that buying and waiting for higher returns to follow is the perfect option.
Currently, the market is gaining momentum. The pool of buyers and investors is huge. The easy availability of home loans, low home interest rates, bank recapitalization, flexible loan sanctions and numerous choices to the buyer with good bargains, make the market an easily approachable one.
The last three years have seen property prices hit rock bottom. Hence, with the upliftment of the market, a surge in prices is sure to follow. Registering growth, the property markets will render mammoth benefits on the money invested. A sure and secure investment option, the real estate sector is likely to showcase stability and transparency.
Looking back, the implementation of demonetization, Real Estate Regulatory Authority Act (RERA) and GST happened almost simultaneously. These sudden changes led to a slowdown in the market. However, all these changes have been absorbed by the market now, and the aftereffects are certainly positive.
The buyers and investors who were acting as fence sitters, are now converting into actual buyers, mentioned Nitin Agrawal of Bhopal based Swadesh Group. The beginning of 2018 has come across as the festive season for property. RERA and GST are improving tax savings with single tax rate in the nation. Also, these reforms have brought about an attraction amongst the users, boosting their sentiments.
This furthermore, has given the market a positive outlook. Investing in real estate has turned out to be a win-win situation for all. The scope for capital appreciation and the scope for residential income, are both in prospect. Realty is slowly coming back in form and returning to the ideal position it was in a few year back.