Who would not like to invest in property?
Property is considered to be a good option to invest in. But making the right investment is very important. After a slow year in the property market, builders expected that the real estate sales would go up in the year end, but nothing really happened as best project deal. Real estate is considered to be the backbone of the Indian economy and a major contributor that leads to growth.
The question on everyone's mouth is whether there will be any changes seen in the real estate sector. The buyers are still in a waiting mode as they are not sure whether the prices are going to fall down any more in the future. Builder project remained all the same and brought in no exciting news for the builders and investors even when so much stock has been piled up. Buyers, builders and investors are all waiting for a change.
The real estate industry constantly evolves to remain on top of the situation. The builders and developers are offering huge discounts in order to clear the stock. Real Estate in India plays a major role from affordable housing to infrastructure and generating employment. Despite all the positive signs, the real sector did not improve up as expected day by day. Whereas some significant improvement was seen in the commercial sector as earlier investors who were doubtful now took a chance and did the investment.
Even though the demand is low, developers refuse to lower the property prices. The home buying affordability is likely to get worsen in year end despite the slow price gains. Housing price gains slowed dramatically in 2014 and are expected to continue on that trajectory in 2015. The slowing prices don't mean that the home ownership will become more affordable. In fact it is expected to remain the same.
