Real Estate Projects: Do Not Wait To Get Cheap In 2018

With young professionals having mindset to deliver with the best in class competencies, the India’s real estate market looks settled for the significant growth. The improving economy also seems supporting this trend. During the recent phase of turmoil because of demonetization, real estate bills and other factors, numbers of willing property buyers and investors postponed the action in the expectation of fall of prices; however, the recent reports indicate that nothing in real estate market of New Delhi and NCR region is going to be cheaper. Better, you contact an experienced real estate broker, real estate project consultant or real estate management expert to seek the perfect advice.    
Still, India is one among the fastest growing real-estate markets throughout world. It attracts domestic real-estate investors and the foreign investors as well. Numbers of residential and commercial projects are being fed by the investors; even it can be said the success of any real estate project in India depends more upon the contribution of investors rather than that of end users. Despite several new developments, Indian real-estate industry is quite capable to address the demand for the built-up spaces for diverse segments; may it be offices, shopping malls, housing units, hospitality industry, logistics parks, or manufacturing sector.
​
The improving buying power, continuous rise in population, increasing trend of nuclear families, growing aspirations, government’s intervention for providing easy loans, rapid urbanization like several factors support the predictions for survival and growth rate of real estate industry in India. Why you should not wait until 2018? Here are the reasons: 

• The statistics show that investment for luxury housing is the most promising because of growing aspirations for luxurious lifestyle.
• The real-estate builders and developers get more profit in luxury housing; and, the buyers’ demand supports their interest.  
• Although numbers of steps are being taken effectively to weed black money out of Real Estate industry; still, black money component in real estate industry can’t be ruled out up to the 100%.
• Even today, 20% - 30% black /cash component is required in any property deal in Delhi & NCR areas; in some cases, this component goes even up to 50-60%. 
• Construction cost is increasing fast because of increasing labor cost and that of raw material. Although leading builders, project consultants  and developers have started to use low cost building materials  like ACC blocks, readymade mortar etc; still, the cost is destined to go up.   
• Investors including businessmen, politicians, NRI’s control 80% performance of any Real Estate project.
• Cartel by real estate builders is the new trend to avoid the loss. Under this practice, all the real estate companies join hands to jack up the prices artificially. Also, some builders keep revising up the prices to show the artificial demand.

---