In the post-modern metropolitan cities of cosmopolitan culture, residential localities are quickly giving way to communes wherein, inhabitants are living within enclosed extensions of their living and resting spaces, in the sense of a gated community sites in sarjapura road
Plots verses Built-up Structures
The traditional route to owning ones own home was taken to by first investing in a relatively economical piece of land whose land-use remains unconverted from agricultural use until the investor feels he has the wherewithal to build his home. But in the post-modern context, purchasing and moving into a ready-to-move-in apartment surrounded by a gated community is the order of the day. But the traditional Indian is one step ahead. He combines his propensity to buy a plot first is actualized by investing in a gated community plot as it is very safe within the confines of the gated community. He can choose to build his home as and when he is ready for it plots in sarjapura road
In the aftermath of demonetization, cash flow in the realty market ceased. There was a deep felt impact on the real estate market all over the country. The secondary housing segment was the worst hit. Developers struggled with sales in this segment. At this juncture, it was felt that the resale segment would witness a drop of 20% in sales. But, much to everyone’s surprise, prices held good villa plots for sale in sarjapura
Experts opine that the primary and secondary real estate markets behave differently. The primary market follows the overall market scenario. But the secondary market does not follow any such trend and is only marginally touched by market dynamics.
Ready-to-move properties get better prices as compared to those of under-construction projects villa plots for sale in sarjapura
Over all there are three very defining aspects of the realty world currently:
- RERA 2016, Affordable Housing, and GST
- New compliance requirements under RERA will slow down the supply of new projects or launches.
- Affordable housing will trigger demand in the segment
- Demand for resale properties is likely to see an uptrend
- GST may end up pushing home prices up if the rate of GST remains higher than the current rate of effective service tax and VAT paid by home buyers.