Should You Buy an India Property Now or Wait?

India Property at Makaan

Are you looking for a property in India? Or you have postponed your decision until the economy recoups itself? As I have been reading a lot about the current crisis that the real estate is facing, I would say, in either case, you can have a leverage in terms of prices. How? Let's see.

India property is under the umbra of ever-expanding bubbles. The prices, in most cities, have gone through the roof. In-spite of that, the developers are in no mood to retract and let the prices correct. An average buyer, who is already bearing the burnt of recession, cannot think of making a purchase of his dream house. The results are before us: the demand for properties has reached an all-time low. This is giving the developers sleepless nights. They are now resorting to means like discounts and freebies to the customers. You, as a buyer, can take advantage of the situation. You can negotiate better, as the time is ripe now. There are good chances that the builders would pare down a bit more than they would do under normal situation.

On the other hand, you can wait for the prices to correct. As the demand has dwindled, the developers of India property will have no other choice than to lessen the rates. And such a thing is highly expected. The bubbles shall burst and the prices will trace back to their original values. Under that scenario, the buyers would find a respite, who have till now, seen the prices only going up and up.

Once the India property overcomes the recession, and most expectedly it will be, the rates of commodities shall see a depreciation. And the buyers then, shall be able to think of investing into the real estate. As the property rates shall too dwindle, it will be a win-win situation for them. All these are only predictions, but they are expected to come true. Keep your fingers crossed...

Makaan.com, the leading real estate portal allows India property to buy, sell, or rent. The users can make an intelligent search, on the basis of criteria like locality, price, and type of property. Both the list and map-based searches are available to the users.