Ready-To-Move-In Flats In Hot Demand, Why Only Less People Want To Invest In New Project

Ready-To-Move-In Flats In Hot Demand, Why Only Less People Want To Invest In New Project

investmentOwing to the defaulter transactions and failure in delivery of the housing projects, there has been a significant effect on demand for the investments in new projects. Besides delays, developers claiming sudden bankruptcy and practicing of unscrupulous activities has added fuel to the fire. It has deviated people from investing in projects that will take longer time to complete. They do not get to know as to what kind of property is promised to them. Indeed, ready-to-move-in flats have been the center of attraction because people are able to see as what is offered to them for investment.

This has led to the severe downfall of real estate business in Delhi-NCR because a huge amount of buyers in Noida, Greater Noida, and even Gurugram stuck in projects announced by Amrapali, Jaypee Group, The 3C Company, and Unitech. Indeed, it has come to the limelight than 51 percent of the residential investors seek rental income over anything, 39 percent of the total goes for houses falling lesser than 40 Lakhs, and 52 percent of the investor population tend to favor a smaller 2BHK flat. And it is only 5 percent of the investors, who happen to invest in long-term projects. Definitely, such investments come with a higher amount of risk that may lead to serious transactional issues.

Still, the changing scenarios have cleared the picture that the transparency level in real estate transactions has grown better with the development of signifying authorities. It is the growing need for affordable housing that the people are falling towards investing in ready-to-move-in flats. The basic thing about such aspect getting highlighted is that people have a clear idea as to how the flat has been developed and its design is approved.

All such scenario has put a halt to the investments in long-term projects. The real estate investments have been witnessed as dwindling scales with some of the other issues cropping on a major level. And this will enable the developers to finish off existing projects quickly before promising new launches. Such a quick working mode of the developers will help them clear their stock of unsold housing projects too. Indeed, the investors have considered that transparency level in transactions has got better with the implementation of regulatory policies. It is essential for the developers to deliver as they promise to surge the growth of real estate business. 

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