India’s housing market has been faced by subdued homebuyers’ sentiments for the last couple of years. The good news is that the government has taken certain initiatives to boost investor’s interest by focusing on rejuvenating infrastructure and supporting large scale development of affordable housing across the country.
Additionally the RBI has also implemented monetary easing thrice last year and also this year by reducing base rate interest by 75 basis points. The real estate market has picked up in 2016, but there has been no phenomenal rise in prices. The prices have been stable by just a marginal rise in the market rate. This is a good time for the first time buyer to buy a home. By seeing a steady marginal rise the new home buyer can be assured that in future also his property will appreciate. [Read more…]