Wednesday, 29 October 2014


A survey report released recently in a newspaper states that there has been a dip in property sales in the real estate market across the country except in Bangalore. Though the dip across is said to be at 20% Mumbai has been shown at a dip of only 2% which indicates that the real estate market in Mumbai is still buoyant for developers!

The buyers who are hesitant to invest in property today thinking the prices are still high and they should wait for the prices to come down as it has happened across country, please understand the prices won’t be coming down, instead, are chances are more of their going up gradually if not drastically.

There are various reasons for this to quote some - the cost of land parcels have gone up and are still rising; it takes a long time to get various government approvals and clearances before a developer can actually start the project leading to increase in cost; with time the cost of labour and raw materials also keeps rising which affects the project and so on…

The prices may not be coming down, but the developers have been offering a lot of freebies and schemes to the interested buyer like waiving off stamp duty and registration charges, value added tax, service tax etc. This is the time to take advantage and buy. Post festive season say by end of February the market will be back to its stubborn way and customers will have not much option but to buy at those escalated rates. 

The positive sign for niche segment of customers today is that a lot of construction activity is going on in the affordable as well as ultra-luxury segment (two extremes catering totally to two different segments) which indicates that there is a demand for these products. There has been a slight upward shift in the rates of these properties but the demand for them still exists. The demand for 1BHK and 2BHK is rising in certain regions of Mumbai and MMR as a lot of working young couples now want to have a place of their own and also there is demand for 4 BHK and above.

The average buyer is now very much aware of the changing and growing trends in the property segment thanks to the many online property portals featuring realty news which keeps the buyer informed and updated. The portals also give you advices on price trends across few years which is fair enough to judge what lies in future. Use these parameters if you are eager to have a home of your own and if you find not much has changed don’t waste any time further  take this crucial decisions fast………..

Log on to if you are looking at buying or investing in Mumbai, Navi Mumbai, Thane, Kalyan-Dombivali, Raigad or Mira-Virar City Region.

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