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The changing dynamics of the Indian real estate- A Seller’s market is the new trend
Mumbai : The Indian real estate is going through the transformational times. It's unlike any country where the real estate growth is slowing down. This transformation has been made possible due to the continuation of the present government and positive sentiment. Real estate experts feel it will be a seller’s market. And people are willing to spend money to buy their dream home. Shravan Gupta, MGF Group...
Mumbai : The Indian real estate is going through the transformational times. It's unlike anycountrywheretherealestategrowthisslowingdown.Thistransformationhasbeen made possible due to the continuation of the present government and positive sentiment. Real estate experts feel it will be a seller’s market. And people are willing to spend money to buy their dream home. Shravan Gupta, MGF Groupbelieves the trend of the seller market in real estate will pave the way for a new future. A seller’s market is a boon for Indian real estate as it boosts the resale value of old and new apartments.
Availability factor: The construction of new apartments has risen significantly in the past few months.Thishasboostedtheexistinghouses'resalevalue.Thistrendisslowlycatchingupin tier 2 and 3 cities as well. Market experts believe the trend of the seller market has increased due to the positive growth sentiment and rising disposable income.
Disposable income: People have more money in hand and are looking for good investment avenues. Shravan Gupta, MGF groupsays property is the best place for investment right now. In2024,realestateisexpectedtogrowexponentially.Theriseindisposableincomeismakingit easy to invest in homes for first-time buyers. Hence, people are willing to pay more for existing flats making it a seller’s market. This factor has become a booster for builders and the overall real estate segment.
Urbanisation angle: Cities have emerged as the ultimate choice for people looking to buy new homes.Theworkfactorandhouseavailabilityhaveenhancedthedemandforhousesandtheir availability. Experts like Shravan Gupta, and MGF Groupbelieve that heightened demand will likely increase pressure on apartments. Hence, making it a seller’s market.
The NRI Angle: India has emerged as a growing power with abundant investment prowess in therealestatesector.MoreandmoreNRIsarelookingtoinvestinpre-ownedhomesandare willingtopaymorethantheaskingprice.Itislikelytoincreasethepressureonflatavailability increasing its cost. Some believe it can be a contributory factor making it a seller’s market.
TheIndianrealtyispoisedtowardsgrowth.Aseller’smarketwillstrengthenitsvalueanddraw more investments and buyers in the future.
Website: https://www.shravangupta.com.
