InvestorQ : At present, can I buy any property as per the market situation?
Lavanya Subramanian made post

At present, can I buy any property as per the market situation?

Answer
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ishika Banerjee answered.
1 year ago


If you listen to the forecasts of the real estate sector, it is expected to reach the US $ 1 trillion by 2030 in India. By the end of FY 2025, it is estimated to contribute around 13% to the Indian GDP. In 2019, Real Estate stock is expected to reach 3.7 million square feet, with an addition of 200 million square feet during the year.

Last year was exciting for the real estate industry, Housing sales rose by around 8% in the first 3 quarters of 2018. As expected, property prices in the top seven metro cities witnessed a huge rise. But surprisingly, some other non-metro cities also captured a great rise in prices of properties, which means there is demand and the real estate sector is tend to grow in the next few years. So, if you’re planning to buy a property, this possibly can be a suitable time. But, the benefits can be majorly seen in the long run.


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1 year ago


It is probably not the best time. Corrections are likely as there is too much inventory in store as of now.