1) Affordable richness
2013 was the year of a sluggish market, with financial guides advising people to postpone their property purchases if they could. However, 2014 spells good news for buyers, investors as well as the real estate industry, with property rates expected to appreciate up to 10%.
2) Economy of choice
Come Akshaya Tritiya, and there’s no dearth of properties to choose from, with new property launches all around. What’s more, most builders offer discounts and offers during this period, which makes home buying an attractive and affordable proposition for all. At Maple, we’re giving 1 gram gold for every lakh you pay. Which means if you buy a flat of 9.6 lakhs, you get 10 grams of gold free!
Also, at 9.6 lakhs onwards, your dream home also becomes an unbelievably pocket friendly and affordable home!
3) Profit in the long term
Property prices are bound to appreciate in the long term. So home buyers who’re buying homes for residential purposes, will anyway benefit from the inevitable long-term appreciation of residential real estate because they purchase property for self-use.
Also, it’s always a good time to stop living in a rented home and have a home to call your own!
4) Elections and property prices
According to Mudassir Zaidi, national director, residential agency, of Knight Frank India, if a stable government comes to power at the Centre post-elections in mid-2014, property prices will rise due to improved confidence levels. Zaidi also feels that the current situation, where there is pressure on prices, is likely to be more of a short-term trend.