Since time immemorial, the land has never lost the value or demand, and with just restricted space accessible for a quick expanding populace, realty offers better (and ensured) returns contrasted with other well-known investment decisions. Protech Group of Real Estate Company in Guwahati prefers choosing location best suited from a flat buyer’s perspective.
India maintains to hang on to its position as the world’s fastest developing significant economy with the help of improved shareholder conviction and better policy amendments. The IMF’s (International Monetary Fund) database furthermore suggested that India’s obligation to world development has extended from 7.6% during 2000-2008 to 14.5% in 2018.
Let’s check out the 2019 real estate market
- Flats are cheaper: Many metropolis saw prices fall. In others, the price upsurge was lower than the buyer value rise. Excluding Hyderabad, prices were down in genuine terms all over India.
- Lower GST rate: Decreasing the GST rate to 1% for reasonable accommodation and 5% for others improved purchaser acuity. Be that as it may, developers scaled costs to counterbalance for the loss of input tax credit.
- Impact of rate cuts: Rate cuts by the RBI have relieved yet not to the degree they ought to have. The repo rate was cut by 75 bps but only around 35 bps cut was passed on to borrowers.
- Investors are out: Due to the high cost of capital and a moderate rise in prices, investors are keeping away from real estate. Purchasers rather opted for ready-to-move-in flats than under-construction apartments.
- Builders play safe: After the introduction of the RERA, builders are being careful not to take any risks. Relatively few new projects were being launched. Rather, builders focused on completing their ongoing projects. Protech group real estate companies who are also RERA approved builders in Guwahati launched only one project, Protech warehouse Bongora, as the company believes in providing quality rather quantity.
- Property value has fallen to some extent: Massive inventories and strict regulations have kept property value low crosswise over significant Indian urban areas, according to the most recent report for most of 2019. Protech Group provided subsidy loans under PMAY to ease property buyers in Guwahati. Protech galaxy, Bhetapara is the ongoing residential project and the sale is still on.
- Innovative offerings by Builders: real estate builders have made every possible effort to enhance by offering theme-based projects to homebuyers like – comfort homes with branded amenities like senior citizen resting area, kid-friendly playground, infinity pool, and much more.
Protech’s upcoming project, Protech Akansha is also a theme-focussed residential project designed to provide the most branded amenities at an affordable price.
We could see that 2019 has been a year that proved neither too providential nor too untoward for the real estate sector or homebuyers. So, with this year almost at the edge of closing, let’s move onward the new year with a good note- “New Year, New Day, New Beginning.”
