This festive season is a boom for real estate sector as well as buyers. As the slew of attractive offers, affordable schemes more important convenient ways has boosted real estate sector.
In the Contemporary scenario, the need of consumer is affordable housing, hassle free and timely possessions, good quality, good payment plan, assurance of correct price and many more.
On other hand, realtors are also keeping care of all needs and demand of the consumer. As with this festive season, Reserve bank of India, dropped a bombshell by announcing that, rate cut by 25 bps to 6.25 %, the repo policy rate is at its lowest since 2010. With real estate (Regulation and Development) (RERA) likely to be implemented in 2017 and 7th pay commission made buyers optimistic, which will led to increase in sales.
This time Developers are going with the new strategy. As while the customary freebies, attractive offers , discounts are too this time , but With the new real estate regulations, developer’s are focusing on fundamentals like approval status, transparency , completion of the project and many more.
Many of renowned developers have dropped idea of introducing new project rather than focusing on selling off their finished project and completion of projects.
In contrary to last 4-5 years, developer’s reputations were degraded , as because of delay in delivery of apartments, they didn’t stand on their commitments like, they promised to provide fully furnished apartment but they don’t, use of low quality goods and other issues related to providing basic necessities ( water , electricity).
Supreme court orders against this, sent out a strong message to realty developers. So this time they are dedicated to transparency, credibility and improvements.
This festive season is the perfect example of jubilation, for the people who were not able to buy their dream home , planning to buy a 2nd home and for investment purpose, this would be quintessential opportunity for them as this time it is a real bargain for buying properties, so make a hale while the sun shines. In comparison to last few years, realty developers will be more quality oriented, as this will increase sales as well as “Quality Marketing”. So this festive season considered striking while the iron is hot.