Housing Sales Dip in 2015; Realtors Eye Turnaround in New Year
Well, this is definitely not true. Housing sales definitely have not dipped in 2015 and one would not have to wait for a whole year to witness their rise. In fact the year 2014 closed with a bang as there was a remarkable rise in sales in the New Year. The country has heaved a sigh of relief in the first four months of the New Year as the overall economic conditions of the nation have improved. The market economy is in an upswing and there is a rise in demand for products and services across the country. The interest rates have been reduced which would enable businesses as well as individuals to invest with a greater ease. The property business across the country has started to flourish and the demand for new homes has arisen in a big way. As a result of this meteoric rise in the economy, the Indian markets are experiencing a positively that has eluded them for the past half a decade. This is why realtors are also happy because the time for the turnaround of the property business has come. If one is interested in investing in a house for sale in Delhi, then now is the time to go for it. There are many factors that help in investing in the property.
What lies ahead?
The property business may be witnessing a turn-around but it certainly is not going to be the same again. The last half a decade of slowdown has changed the business dynamics. The market is no longer a seller’s market. It has oriented itself towards the consumers now and is offering property services that are far better than what they were earlier. The builders have realized that they cannot get away by offering substandard properties at higher rates. They will have to give in to the demand of the end users and this has resulted in the emergence of two distinct categories of housing in the New Year. The first one is that of affordable homes and the second one is that of luxury accommodations. While the numbers are greater in the former category, there is also sufficient number of buyers for the latter category.
If you are looking for the best properties in Delhi, then you may have ample options to choose from. This trend is being seen in all the major cities and therefore is here to stay. It is only now that the builders have started tapping this market and therefore it is a matter of time that the market will evolve into a sustainable option in the future.
Sustainable growth foreseen
In the New Year, the property market has definitely re-emerged. However this is a more mature market than it was earlier. Now the builders are also not eyeing mega profits in prime cities. They have wizened up after the losses sustained through the years gone by and are distributing their investments in different regions and property type. As a result, you will be able to find 3BHK flats in Delhi with as much ease as you would find studio apartments. There are buyers in all categories and they are all being targeted.
The new property market is following new rules. Even portals like housing.com have changed the way properties are searched.