The last year was definitely a tough one for the real estate industry with a number of new reforms being introduced one after the one. First it was the GST bill then came up the new laws in RERA, demonetization, FDI relaxations and many more which have though made the market more credible and transparent but the prices going down by leaps and bounds. All these new reforms have clearly indicated that government is trying to make the market better for both the buyers as well as the investors and take it to a new level. It is very clear that all these changes will have a positive influence on the industry which is a good thing for the country.
The market has slowed down to a large extent but this does not mean that similar conditions will continue to prevail. As we enter into a fresh new year, things will improve and the market is supposed to go up with sales pitching high. The current condition is a temporary one and can change at any time. The prices which are already at the lowest will no more go down but it is expected to rise with the market slowly pacing up. The cost in many cities have already started to rise with clear indications that conditions are improving.
The government has made very clear that only developers and builders who are organized will be able to sustain in the industry and continue to serve the people while the others may suffer from huge loses. This means that the developers who are following the right practices will be able to trade in future thereby making the industry worthy in the eyes of the buyers. Earlier people did not have a good image of the industry but currently things are quite different. RERA has definitely developed a confidence among the buyers and therefore seeking the attention of more people.
With the current conditions being ideal for the buyers, it is the right time for them to invest especially those who are looking for affordable homes. Once the opportunities goes away, you will just have to repent. So it will be good if the buyers take the advantage of the current market conditions and book their homes today. The cost of the apartments is quite low thus bringing the homes in your budget. So why miss such an awesome chance to grab your home and that too in your budget.
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