Is 2012 right time to buy-I
1st of the series Track2Realty Exclusive The never ending debate…
1st of the series Track2Realty Exclusive The never ending debate…
One of the main features of the real estate ecosystem is transparency. However, on the contrary, the market is considered as an information-inefficient market, where seller tends to provide less information to the buyer.
We are into 2012 – the New Year with its fresh hopes and aspirations as also a fresh optimism for the economy.
John Macomber, Senior Lecturer in real estate, Harvard Business School, says, “I am wary of market timing by residential investors. If you need a home and can afford it, buy a home and hold it.”
The Delhi High Court on Tuesday, Jan 3, imposed a cost of Rs.2 lakh on realty major DLF while dismissing its plea against market regulator SEBI’s order to probe an allegation that it duped a city-based businessman of Rs.34 crore.
Economic growth and real estate performance are two significantly intertwined characteristics. It is widely accepted fact that demand for real estate space is drawn and influenced from economic environment.
The Maharashtra Chamber of Housing Industry (MCHI) has cried foul over the State government’s decision to hike its Ready Reckoner rates that guide the stamp duty and other levies.
In view of the adverse publicity and shaken customer confidence arising out of significant delays in delivery of projects across the states, there is a strong acceptance of this matter by top management of the developers and investors alike.
The anticipated demand is likely to exert an upward pressure on property prices especially in markets like NCR, Mumbai and Bangalore where the demand-supply gap is high.
Will 2011 carry forward gloom in the realty market? That is the question on everybody’s lips today and the sector seems to be only praying that the worst has been left behind in 2011.