The real estate market in Ghaziabad has gone through a lot many changes within the past few quarters. With the introduction of regulatory reforms, such as Goods & Services Tax (GST) and Real Estate Regulatory Act (RERA), the industry has finally found the right direction. RERA makes sure that every real estate project is in compliance with its provisions and that the rights of the consumers are safeguarded. Hence, it can be rightly said that the real estate market is a total buyers’ market, at present.
Why 2018 Is The Right Time To Invest?
If the present situation is taken into consideration, it can be confessed with strong affirmation that the year 2018 is the best time to invest in the flats in Ghaziabad. Today, you will not find any fly-by-night operators. All the developers are committed towards their work, thanks to RERA. As per CBRE’s Magazine, “RERA has instilled confidence among buyers. A regulation is in place that is making the sector organized. Now projects will have to be completed. All this should result in a more mature real estate market.”
- Huge realty inventories are created across the country, as a result of excess supply, low consumption and high prices.
- Due to demonetization, the consumption side was severely impacted.
- Hence, with excess supply and increasing demand, the prospective home buyers are in a position to negotiate the rates and get the best deal.
As soon as the demand and supply will find an equilibrium, the rates will again start picking up pace. Therefore, it is highly recommended to purchase the affordable flats in Ghaziabad, right at this moment. The property rates are cheaper and the property value is incredibly higher.
If you invest today, you’ll be at benefit, as you only need to invest a small amount. With continuous infrastructural improvements in the city, the properties are just going to get lucrative day by day. So, if you miss this chance, it will definitely be a serious loss to you.
Where to Start With?
To begin your search for the right property, you can start with NH 58, which is one of the most sought after destinations in Ghaziabad. Here, you can find variety of most affordable, yet super luxurious 3, 2 and 1 bhk flat in Ghaziabad. Also, the rates of property here are quite feasible. Due to its location on NH 58, you will receive long term investment benefits until generations. So, get started right away!
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