I have been watching the real estate market for some time and have some information to answer this question.
It's a good time to invest especially when elections are over and the market is stabilizing again.
Over the past few years, the inception of RERA act and stricter watch on the developer activity has helped Mumbai reinstate buyer confidence into the slumping realty market. Now, things have changed quite a bit and Mumbai is inviting investments from all over the world.
Price hikes will increase as time progresses and people who buy property can expect healthy appreciations. The bottomline is that you hold the property for atleast 3 years to enjoy minimum tax hurdles as well as get a good increase in the property price.
Talking of projects in Navi Mumbai, there is a lot of development going on and options are vast. The investment opportunities are many but the investment bracket is constricted. One would require area expertise to know how much to invest in the property to make real gains out of it. It's something that someone who has kept a close watch over the trends can tell.
I would suggest that investing in Mumbai is profitable right now but requires a good realtor/broker to select a good location. There's nothing wrong with Navi Mumbai as such but project selection and forecasting can only be done by a local expert.
Dont listen to the bulder and bank gang. Laugh at people who bought houses and are paying EMIs. Just wait for real estate to crash by 80% — Yes go look at Crude oil, copper and the recent VIX charts. There is a massive and thundering stock market crash waiting to happen because IT companies will double the salaries and hire more people. Ha ha ha. If you are still not convinced read this article and wait for the crash then pickup at 80 % discount.Why It's Plain Stupid To Buy A House In India
I have been watching the real estate market for some time and have some information to answer this question.
It's a good time to invest especially when elections are over and the market is stabilizing again.
Over the past few years, the inception of RERA act and stricter watch on the developer activity has helped Mumbai reinstate buyer confidence into the slumping realty market. Now, things have changed quite a bit and Mumbai is inviting investments from all over the world.
Price hikes will increase as time progresses and people who buy property can expect healthy appreciations. The bottomline is that you hold the property for atleast 3 years to enjoy minimum tax hurdles as well as get a good increase in the property price.
Talking of projects in Navi Mumbai, there is a lot of development going on and options are vast. The investment opportunities are many but the investment bracket is constricted. One would require area expertise to know how much to invest in the property to make real gains out of it. It's something that someone who has kept a close watch over the trends can tell.
I would suggest that investing in Mumbai is profitable right now but requires a good realtor/broker to select a good location. There's nothing wrong with Navi Mumbai as such but project selection and forecasting can only be done by a local expert.
Dont listen to the bulder and bank gang. Laugh at people who bought houses and are paying EMIs. Just wait for real estate to crash by 80% — Yes go look at Crude oil, copper and the recent VIX charts. There is a massive and thundering stock market crash waiting to happen because IT companies will double the salaries and hire more people. Ha ha ha. If you are still not convinced read this article and wait for the crash then pickup at 80 % discount.Why It's Plain Stupid To Buy A House In India