Property Prices ‘Drop Down’ in the Major Indian Cities
Sluggish market, low demand, pending inventories in both commercial and residential projects and more factors have failed to glean the attention of the home buyers and investors and now the builders are left with nothing but to ‘Drop Down’ the price so that the pending inventories get a push.
There is a big list of cities where the prices have fallen and that include, Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad, Delhi & NCR and even more.
LIST OF UNSOLD INVENTORIES……….
Delhi NCR- 1,30,001
Hyderabad- 4,265
Bengaluru- 85,387
Mumbai- 1,36,525
Kolkata- 34,575
So in the mentioned cities, one can see many unsold inventories even though new projects are coming up in the market and now builders are playing meticulously by providing projects at an appealing price because there is no point of storing unsold inventories.
Now top Indian real estate builders ensure they launch projects at a good price which is affordable because only then it will move the inventories and clear sales as well.
No matter whether the market is sluggish and huge investors are unsold because of its high price, recently, the Godrej Properties added its new residential project “Godrej South Estate” in Okhla and it is considered as one of the costliest properties of course, it comes with grand USP’s and moreover, the site holds more than 20 air purification systems to clear the air quality and even its copper coated façade holds its uniqueness.
So such projects are exceptional and its plush price doesn’t even affect the certain home buyers & investors.
On the other hand, the project ‘Tata Eureka Park Noida’ grabs great attention because of its appealing price and definitely, the builder Tata Housing has beautifully managed to bring a modern home space at an attractive price range.
Even, Joyville Gurgaon Sector 102, Dwarka Expressway is the perfect choice is you are looking for a home in Gurugram near Delhi.
Reasons Playing a Major Role in Improving the Real Estate Market:
Ease with RERA
One of the major essences to curtail the wrong activities and to address delays, price, quality of construction and other changes because this brings optimistic investment and the buyer knows that their investment will not be a fiasco.
Low GST Rates
The New GST Rates have curtailed to 1 per cent from 8 per cent in the affordable segment and in under construction projects it is 5 per cent from 12. So surely it is a big relief.
Best offers by the builders
As there are many unsold investors in the market, so the builders need to add the new offers like Flexi payment plan, CLP and subvention plan because this way it gives comfort to the buyers.
Increase in property to offer high ROI
Comparatively to the old price, the value of the property is increasing steadily whether the home buyers are availing high return over investment, so if you plan today, then in certain years it is going to add up the value and you can grab your benefit.
Rapid Ancillary Infrastructure and Metro Presence
The sewage system, wide roads, gardens, pipelines and more ancillary developments not only improves the picture of society, but it even brings a great push to the value of the real estate market.
If you are planning for property investment, then you can go for it because there are lucrative projects in the market that brings optimistic stay and result.