Property market Booming the traditional way

Once again, there is a demand in the asset market especially in the traditional way. Our elders used to buy land instead of flats and floors and this time after almost 24 months, there is a steep rise in the number of traditional buyers in Gurgaon (now called Gurugram) who are asking for land in gated colonies or HUDA plots.

As expected, the struggling real estate sector is trying to get a boost from the central government effort as well as RBI has reduced the rate of interest by 25 basis points which is attracting the end users and small ratio of investors to enter in this market. Also, RBI is saying that it will further reduce the interest rate by 25 basis points more bringing the home loan down to 9.0% per annum which will give a good boost to this sector.

Many end users are attracted towards this slow real estate market and for Gurgaon, everyone is looking for distress deals which are now getting decreased day by day. Buyers are still thinking that the market will further go down as the sentiments of real estate sector are directly related to the government who is running the center, which is Bharatiya Janta Party. Narendra Modi, our honorable Prime minister has done so much effort by attracting FDI to startup their businesses in India which will bring in funds and boost the Indian market.

So, as per the suggestions of the best real estate consultants, this is the best time to buy the property in Gurgaon.


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