I think the real estate prices are at the bottom and the only way it can nw move is upwards. Low interest rates and more than required liquidity will add to this upward movement going forward.
By
Ibrahim.A.Lakdawala , Propreitor, SAIF INFRA SOLUTION
| 09 14 2009 18:16:17 +0000
nicely put
By
sandesh saboo, Research Associate/Analyst, saboo associates
| 07 30 2009 12:41:34 +0000
It can be a yes & no type decision on buying a home or investments. There are all sorts of good reasons to buy a home but there are some equally good reasons to wait. You should weigh the pros and cons of owning, take a close look at what you can afford and research your local market or wherever you choose to purchase. There’s a lot to consider before buying a home or property. You must count the cost of buying a home or investing. Sometimes renting may be a better option for some, until they're ready to buy or their situation changes for the better. If someone is looking towards the stock market as whether to buy a home then sometimes past performance of the stock market is no guarantee of future success. A person should really consider the cost of buying a home, where to buy the home and when. Thinking ahead before purchasing a home is a good step in the right direction. Even after you talk to the seller, think again, before just diving right off into a purchase. It’s a good time to buy, if you’re buying the right home, at the right price, on the right terms & for the right reasons. If a person has their finances in order and can handle the high expense of purchasing and maintaining a home, now may be a good time to buy. If you combine higher housing inventories with longer list times and historically low interest rates, it's a strong hand for home buyers with at least some down payment cash in the bank and good credit. Some sellers are offering incentives and concessions to close deals. If someone isn’t knee-deep in debt and has financial discipline, then it’s a sure sign of maturity and readiness to take on the responsibility of homeownership or investment. Also if your spending habits are under control. Too many people buy a house before they’re ready. They lack financial discipline to manage the balancing act of home, living and other expenses. Follow your gut instinct and decide whether this is the right step for you before you begin touring homes, so your opinion won’t be swayed by your emotion.
By
Business Management Consultant, : I can provide you with Management Consulting & Counseling Services
| 07 07 2009 15:07:48 +0000
I agre that it is the proper time to buy a house,provided one have a secure job at this hour.Real Estate had come down,so certainly good..
By
Radha V, Project Lead, Confidential
| 07 03 2009 14:08:05 +0000
If analyses done on TV is to be beleived..this is the right time
By
Vivek Singh, Project Manager, L&T
| 07 03 2009 09:49:22 +0000
Yes!!! It is surely the right time to buy a house/property. Many builders have reduced the prices at rock bottom rates. But we do must ensure the person we are dealing with. We all value our money. So must be best and safely used...in this recession time
By
Smitha Allen (Rover Holidays Pvt. Ltd), Tour Management Executive, Rover Holidays Pvt. Ltd
| 07 02 2009 12:04:27 +0000
Yes it is a right to go for it !!
By
Paresh.Khanchandani , FCD Business Manager, ExxonMobil Company India Private Ltd.
| 07 02 2009 11:52:04 +0000
Well with the recession on - and market down i think it is right time to buy - need to negotiate with builder for best offers and also the bank interests are quite low as compared to 6 months back. Atul
By
Atul Shah, Head/VP/GM-Business Alliances, Agron Global Inc Canada
| 07 02 2009 11:27:39 +0000
Yes I think it is the right time to invest in housing, as the Indian economy is showing some signs of revival through good industry figures and a stable govt in the centre would also lead to stable growth of our economy which in turn would raise the individual income of Indians which in turn increases the demand of housing.
By
Darshil , CEO/MD/Director, Darshil Cotton Company
| 06 23 2009 10:02:57 +0000
Yes, It is right time to purchase property.
By
Dilip Singh Rathore, Construction-General Building, Deep Associates
| 06 22 2009 13:34:08 +0000
YES, I suggest it is the best time to purchase property either Residential or commercial. It can be anything you may be end user or investor.If you do good home work then you can find lots of desperate seller or ditress builders who are selling thier flats with lots of discount and additional benefits.You need to be little patient and negotiate well while taking new upcoming project. Lots of additional charges like : internal development charges(IDC),External development charges(EDC),Infrastructural development chareges(IDC),Plot location direction (PLD) Charges,Club membership charges,Parking etc. were charged from customers.These are few area where you can get little benefit and discount. From investment point of view,it all depends what & where you're investing.Post budget entire scenario of real estate is going to change.That's what I can perceive & expect. regards, Rajeev Jha
By
Rajeev K Jha, Head - Liaisoning & Govt. Corporate Affairs, ACCOR (Triguna Hospitality Ventures Ind. Pvt. Ltd.)
| 06 21 2009 06:07:20 +0000
Yes this is the right time to buy a house or apartment or any residential plot, as most of the real estate prices have gone down due to recession. Now one can get plots and houses to the half the prices and some places even less than that, so this is the right time to buy a house, but interms of investment this is the bad time, as in near future one can't see the prices going up again....so to buy house this is the best time, but as an investment it is a bad time.
By
Kunal Garg, Associate, Barclays
| 04 06 2009 08:08:48 +0000
if you loking for some investment opotunity then its clear no, but if you are looking for some self residential unit then its a good time to get better deal
By
Dushyant Hada, Territory Manager
| 04 04 2009 17:39:25 +0000
I think we are slowly making our way back to some type of balance. It is not going to happen all at once, but I believe the wheels are starting to turn. When the masses acknowledge the bottom, it will be too late and prices will already have gone up. One can see people feeling good about the drop in prices and they are beginning to come out and do something about it.
By
Satyanarayana Naidu, Sr. Associate, IDBI Bank
| 10 31 2008 17:14:02 +0000
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Recently the Dubai bubble has bursted and governments as also the financial institutions, including Banks are still busy to assess possible impact of the same on their operations. Obviously, the depth of the crisis is still to be assessed with precision. Certainly, the real estate sector is in trouble worldover, especialy in the context of U.S. crisis and forcasts about expected British agony in the shaping. It would be wiser step to look towards other avenues of investment, than to burn one's fingures in real estate.
By
SURENDRA TEWARI, Freelancer, Guru FinAdvisors
| 12 12 2009 20:36:25 +0000
Currently we are seeing just green shoots in the economy and it is not permanent. Still there is no job security in any industry. Our govt have historical fiscal deficit. We are yet to see the bottom of the recession. Whatever ups we are seeing now is just temporary. NO - to buy house now.
By
Subramaniyan , Architect, Wipro Technologies
| 07 03 2009 03:12:38 +0000
Real Eatate had become precious than GOLD sometime back. It is now Platinum. The nexus between the Builders and the Banks continues and the story goes on. As rightly pointed out by Mr. Verma, Banks are hesitant in disbursing loans in areas where the prices are appearing on the downslide. This is because the need to have buyers and then creating a bubble of buyers having bid already for a house that you have chosen just bursts it again! Sellers are going through agents who are doing an amazing job in keeping the rates on the up even in seemingly lower price barriers. I still feel that when the prices are at least 20 to 25% lower than current market scenario, please INVEST!!!!!
By
Makrand Bhave, AGM - Corporate Business, E18, part of Network 18 Group
| 07 02 2009 11:28:50 +0000
At present the price of real estate already started going doweward and this trend will remain same till mid of next year. Bank and financial institutions are going slow while sanctioning and disbursing loan amount, simultancously agressive to recover non performing assets dues.
By
mamta tanmay dave, Legal Advisor, Mamta Dave
| 11 24 2008 08:51:01 +0000
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