Current Real Estate Scenario
Currently the real estate market is going through a phase of correction in prices and there are inflated possibilities that the artificially inflated/increased prices are likely to come down.
Before the slow down phase in the past, the projects were sold instantly without any hitch at an exorbitant rate. But that would be a thing of past now. The negative impact is explicitly visible as lots of high-end /cost oriented projects are still lying unsold. In such an eventuality, there may be blessing in disguise as high profile speculators will be out making way for the actual users.
It is but natural that with price correction, the market will turn towards end users thereby enabling the developers to sell out their remaining products.
Meanwhile, the beginning of correction phase started with the increase in home loan rates by the banks/ government since February/ March onwards which mainly, interalia, eroded the purchasing power of middle and upper middle class majority of whom are covered in the category of end users or actual users. Now the real estate marketing is passing through the scene of wait and watch for seizing the best opportunity clubbed with the hope of reduction in home loan rates.
Article Source: ArticlesBase.com - Current Real Estate Scenario