The year 2014 was not that good for the real estate sector as sales did not increase. Stock piled up and many developers and builders projects were ready to offer huge discounts. But 2015 is seen to bring in some relied for the people. Consumers believe that the ache din is going to come once again as promised by the government.
The important thing that the consumers are waiting for is that the home loan interest rates to fall before actually buying. It is observed that when the rates go up old consumers have to pay more with the floating prices.
Consumers are always ready to buy properties which are free from all sorts of disputes, there are no restrictions on it, the prices are clear, and delivery dates are clear and so on. As this is a surety that the consumers want before actually purchasing a house? Consumers would like to be clear about all these things so that they do not have to face any sort of problem later on.
Even if a consumer is buying a property for rental purpose, they still want to be clear with all the things and make sure that all the documents and inspections are done. They do not want the tenants to face any sort of trouble. This will also create a good image of the landlord.
There should be proper real estate policies that should be followed. Proper housing policies need to be followed by real estate agents. This will indicate proper taxes and registration values that one needs to pay. This for instance is expected to push up launches in the real estate segment.
Government should make sure that proper checks and valuations are carried out which will ensure that everyone has a livable house. This will improve and will be a great step towards creating the smart city concept in India.
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