Whether you are baking a cake or cracking a joke, the outcome of your efforts greatly depends on the timing. This is especially true when it comes to property investments. A smartly planned and well timed investment could earn you a fortune, whereas an ill timed decision can clean you out.
But how does one know when the time is right? If you are a first time property buyer or even a veteran real estate investor, the below mentioned pointers may help you determine the right time and circumstances to take the property plunge.
According to reports, India is expected have a total demand of 2.3 million units of houses in the next five year, whereas the amount of supply in the same year is expected to be approximately 1 million units. This means there will be a deficit of over 1.3 million units.
India, has witnessed at least 12 hikes in interest rates by the Reserve bank of India over the last 18 months, burdening home loan borrowers with steep EMIs.
Experts are anticipating slow but continuous supply of premium products along with Ultra affordable housing for all.
All mid end and affordable housing segments are expected to record strong appreciation in capital values starting from the fourth quarter of 2011 up to first half of 2012.