Real Estate slump: Is it time to upgrade your property?
The actual state of the real estate industry is quite dismal for the builders. Finished and near-finished homes are easily available, but there is barely any demand. Several projects from various builders are still stuck in the construction phase and are far from completion.
Kishor Pate, CMD, Amit Enterprises Housing, says, "Property valuations are at their lowest point and developers are more than willing to negotiate with some serious buyers." So if the prices haven't gone up and have, in fact, more or less stayed stagnant, can investors now improve or move to a better house or go for a second home?
"There was a trend of buying second homes few years ago, but sluggish growth and high interest has put a stop to this trend as the returns are not good. Real estate as an investment decision is being put on the back burner as the returns are poor currently," says Manavjeet Singh, CEO & Founder, Rubique.
With the pre-launch of Prestige Elysian project, one can invest on this project as the real estate prices and the loan interest rates are low currently. Hence it will be a wise idea to either upgrade your home because of low prices of property and either resale your old property or rent it out.
For more details about the project visit : http://www.prestigeelysian.indiahomes.estate/contactus.html or call +91 8553159202