REAL ESTATE MARKET PLUNGES DOWN


LATEST MOOD IN THE PROPERTY MARKET

The buyers stayed out of the market in the last three months and the sales down by 32% in all the major metros.

The buyers of properties are reluctant to make any deals and are awaiting clarity and clarification regarding RERA, GST and the demonetization have hit the cash flow and the proposed Automation by the industry, made things worse.   Few European countries are reeling under severe financial crisis and the H1B Visa issue has not been sorted out.  In another development, major IT stalwarts are downsizing their workforce and startups entry is down by over 50%.

All these factors contributed to the slump in the real estate market across the country.

In a recent development, one of the leading builders is under tax scrutiny.

It is widely seen that Cash component in all the real estate basic dealings has come down to a trickle.

ADVICE

DO NOT BUY UNAUTHORISED AND ILLEGAL PROPERTIES.

DO NOT BUY B KATHA PROPERTIES.

DO NOT THINK THAT ALL BANK AUCTIONED PROPERTIES HAVE GOOD TITLE.

DO NOT THINK THAT ALL PROPERTIES OF TOP BUILDERS ARE CLEAN TITLED PROPERTY.

DO NOT TRANSACT WITH UNREGISTERED RERA AGENTS.

DO NOT PAY ANY CASH FOR ANY/EVERY/ALL YOUR PROPERTY TRANSACTION.

DO NOT BUY PROPERTY WITHOUT THOROUGH AND DILIGENT ENQUIRY AND VERIFICATION.