Why this is perfect time to invest in property in India?

Have you been planning to buy property in India for long? For those looking for a suitable property at affordable prices in India, this is the best time to step ahead with their decision. Average property prices in the top eight cities in India declines steeply in 2016, giving investors great opportunities to park their money.

As per the report from leading property consultant Cushman & Wakefield, the ticket size of new launches across top eight cities reduced by 14% year on year. Apart from this, expectations of changes in prices of new units have also been made as most of the developers are planning to reduce the effective ownership cost to boost the sale of their inventory. They will enhance the affordability of new units either by offering attractive discounts or smaller units. Many real estate sites in India have already started flashing attractive discount offers on different projects.

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To draw the attention of home buyers as well as real estate investors, many developers has started improving their marketing strategies. To bring down the number of unsold inventory, they are reducing the effective cost of the property and restricting new launches. As luxury and high-end segment got hit worst from demonetization, the developers are rationalizing this segment the most.

If you check property site in India, there will be very limited number of new projects for builders are postponing their new launches due to uncertainty in the market. Contemplating the market dynamics, with just 1,13,000 units, the number of new housing units declined by 11%. With just 12,000 units, the high-end segment was affected the worst while the middle-income segment accounted for 56% of total unit launches and value housing saw 32% new launches.

For developers, the residential market might be frozen, but for property investors, this is really a great opportunity. They should take advantage of the price drop and buy a suitable property for high capital gains when the market improves. Best property websites in India help investors as well as end-users by regularly updating their blogs with the suitable properties in different cities.

Projects which have already been launched and have unsold units make a perfect choice for the investors to park their money. Just look for the developers offering discounts or other schemes and grab the opportunity.