The Wise Idea for Buying a Home "TODAY"

There has been multiple offers by the developers - starting from Free modular kitchen to Small cars to automated homes doing rounds on emailers, news papers etc - leaving many to think - they are lucky to get such deals.

The story behind the offers :

With the global economic pressures on World's stronger economies the ripples are felt on the India markets as well. The Real estate Industry getting affected the most - leading to

- Delayed Construction
- abandoned construction sites
- Delayed possession
- inferior quality construction
- unexplained demand notes to investors
- unexplained interest loaded on installments

are just few of the hundreds pain points of the investors these days.

The reason behind such a drastic situation.

We studied Demand and Supply - the entire story revolves around the demand and supply chain - The statistics says that there is a shortage of over 2 million houses in India - BUT the developer community seems to have missed is - this shortage is of affordable houses.

Starting from a minimum of 20 lacs, the houses are coming in all shape and sizes and hence leading to an oversupply chaos in the markets across the country ....be it Noida, Gurgaon , Jaipur, Mohali , Pune , Chennai or what not there is access of supply of these "So called" affordable houses and even the houses above the affordable range .

Mostly the investors blocked the units with the developers in early days of construction now leading to overpricing and hence no movement of sales . The developers are unable to sell, the investors are restricted to keep the units to them and the buyers have huge bucket of options to choose from - leading to slow or no movement of transactions.

SO GIVEN THE SITUATIONS ABOVE - SHOULD I BUY FOR INVESTMENT OR FOR END USAGE OR SHOULD I WAIT .

If you are a investor

Try to refrain your self for investing in residential real estate - as even if you get a below the market deal- then too you need to figure out an exit strategy as there would be hardly any buyers even after 2-3-4 years due to oversupply.

If still you want to invest - consider investing in land - on the outskirts of city or go for investing in smaller Tier 3, Tier 4 cities , as the investment in these cities or land would give you higher returns in comparison to the bigger C's .

If you are a end user

Go for it - this is your time - But RESEARCH is the KEY WORD

DEFINE

1. Your requirements
2.  Location
3. Price range
4. Type (size)
5. Research research research
6. Visit
7. Negotiate
8. Negotiate
9. Close

The market is ready to sell but for buying at your price you need to do your home work well. There is highest possibility that you may strike a deal where you'd come as the lone winner .

So - Go for it - Negotiate and Buy .