Whenever the level of affordability of houses has increased, the demand has also witnessed a substantial rise within a certain time period, if not then and there. But in the recent past, an exception was seen. Let’s have a look at the factors behind it –
Before the elections of 2014 were held, there were apprehensions regarding the growth of the realty market in India which gave way to a downfall of the property investment demand. But the situations has transformed now as India has become really likeable for investment purposes. Real estate in India is also playing a major role in capital flows entering India.
After the elections of 2014 took place, the government kept stressing on increasing the affordable homes for people which made people aware that prices will decrease. Developers are making efforts to increase the supply of affordable homes. On the other hand, the purchasing power in the hands of people has also increased because of the rise in incomes. And with government and developers taking various measures to win back the homebuyers confidence, the purchasing power has just enhanced.
The implementation of RERA has made homebuyers to trust the judicial system to support them in times of crisis. A decrease in inflation is also bound to pump confidence in the minds of homebuyers. This is because inflation has a very significant role to play when people decide to borrow funds to buy a house. As inflation also represents the country’s economy, it boosts consumers’ trust.
The demand for housing and the inflation rate are inversely proportional to each other. As the forecasters predict, the inflation is expected to remain in a comfortable zone at 4%-6%.
Therefore, all these factors including increasing affordable housing, rise in purchasing power as well as liberal inflation will contribute greatly, to help the housing sector to recover.
The seller in this transaction is identified as Anushka Constructions, with the agreement registered on…
Our homes are special places where we go to feel secure and at ease. We…
Following the 1962 Indo-China War and the India-Pakistan Wars in 1965 and 1971, the Indian…
Starting a restaurant business is tough because of high competition, complex regulations, and red tape.…
Investing in real estate necessitates a lot of research, legwork, and hefty investments. Hence, a…
Buying a home is a significant milestone, but the hefty price tag isn't the only…
This website uses cookies.