Why 2018 is a magical place to rent real estate?
Do you want to register on your channel when you want to register? Why is it real estate? I will spend a lot of time and money on your wedding day at the airport. I love you
The name of Karamihan suggests that he is not able to do any of the bombs, because of which he will teach natural language, I quote the basic principle of investing here. If you are on board, I would like to explain why 2018 should be the year you should enter the real estate market.
Series of regulatory reforms.
In recent quarters, the property market in India is undergoing a phase of enormous change. The regulatory framework has been implemented by the Law on the Real Estate Regulation (RERA) and the Goods and Services Tax (GST) to a certain extent in a certain direction.
It is mandatory that all projects comply with the provisions of the RERA, which must ensure that projects are delivered on time and that money is not paid for others. practical purposes.
In short, RERA protects the interests of consumers. It will be impossible to fly-by-night operators will be able to navigate the route map. This will help both buyers and sellers in the long.
The combination of over supply, high prices and low consumption has been translated into large stocks across the country. Side consumption is also influenced by demonization. It is evidently now a consumer market - and the upcoming places. But not for long!
At RERA in the area, developers now focus on completing their existing projects.
According to sector reports, the National Capital Region (NCR) and the Mumbai Metropolitan Region (MMR) respectively have 2 lakh and 1.8 lakh unsold units respectively.
Mortgage interest rates are at their lowest.
The excess liquidity of the banking system led the RBI to postpone key rates. As a result, mortgage interest rates that were recorded at approximately 9.5% per year in 2016 have now fluctuated between 8.3% and 8.4%.
This makes considerable savings in EMI costs; enable people to benefit from low-cost home financing and own a home. Mortgage rates are expected to remain low in the coming quarters and may even fall further.
Looking at average annual rental yields at 5-6%, there is not much difference between the costs of renting and owning a home.
A renewed interest from the global fraternity of investors
The establishment of global regulatory mechanisms has created a much higher level of trust in the global fraternity of investors. The real estate sector is expected to receive US $ 4 billion in private investment this year, according to industry reports.
Not only are the PE funds from the US, Canada and Singapore interested in injecting capital into the sector, but countries like Japan, China, Qatar, Hong Kong and the Netherlands are also ready to invest in this sector.
At the same time, global SWFs - which are also known for their cautious and prudent approach - have increased their exposure to the market and proved that the sector is moving in the right direction.
As for real estate buyers, this is a sign of renewal on the cards.
Overall, the current environment offers the opportunity to buy a property and make the most of the coming year.
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