Next 30 Days To Be The Best Time To Buy Real Estate In India

Real estate seems to be the most flourishing business of the time. Real estate is the new shinning face in the business sector. The real estate market is at present one of the most lucrative business. The entire world is displaying such a trend at the present moment. India too is not away from this trend. With developments all over the country at such a rapid pace the real estate business is also on the rise keeping up with the pace. Cities are fast growing and running out of space even faster. Thus to keep up with the need of growing demand for place the outskirts are developing fast and steady. They are showing a positive growth and gradually spreading its wings over larger areas. A little back the real estate market was not as good as it is now. When it began showing its emerging self, a setback in the business was seen at some places soon after in India. However the market has regained its original valour. In the present scenario the market has shown a tremendous upheaval and the rising graph probably may keep showing its steady self for a long time to come.

Real estate market comes with good news for real estate realtors, business persons and real estate business aspirants.

According to maximum numbers of people from India believes that the next 30 days is the best time to buy real estate. The price for plots in Bhopal and other cities is still low and hence should be bought before there is an upsurge in the real estate market. About one in every six Indians, i.e. 57% people actually from India believes in this according to a survey. The coming thirty days or the following month brings promise for real estate people. As per the survey carried out it would be a really great time to buy real estate such as vacation property or a house. It is also the right time to have an investment property. Investing up on a property now can yield a good return in future. 

The survey had been carried out by Ipsos all over the world. Ipsos is a highly acclaimed global research company carrying out this new poll. Ipsos was founded in France in the year 1975. It is an independent company for market research and is managed and controlled by research professionals and specialists. Their initiative on real estate survey has brought out this extremely interesting result for India. This survey is conducted every month with 24 countries. This year it was conducted among 26 countries of the world taking 20,144 adults in it. They were among the age group of 18-24 years in Canada and US and in the age group of 16-24 years in other countries. In the survey it is found out that about 58 per cent of people with high levels of household incomes and 58 per cent with education agree that over the next 30 days India holds a good real estate buying market. The percentage of women agreeing with the hypothesis that the best real estate buying time is the coming 30 days is slightly greater than that of men. Fifty nine per cent women agree against 56 per cent men. The younger generation i.e. those under the age of 35 years too hold a strong belief on this hypothesis than the older generations i.e. those in the age group of 50-64 years. There are 60 per cent younger agreeable respondents against 40 per cent older respondents.

In this world wide survey it has been found out that the majority of the people of Russia which is 65 per cent of the respondents believe that the next 30 days is actually a very good time to buy real estate property. It is followed by India with 57 percent. The countries and percentage of people believing that the next month is ideal for real estate buying are Indonesia 55 percent, Ireland 51 percent, Great Britain 47 percent, Mexico 44 percent, Hungary 42 percent, Australia 42 percent, United States 41 percent, Germany 40 percent, Canada 39 percent, Italy 38 percent, Argentina 37 percent, South Africa 37 percent, Sweden 37 percent, Poland 35 percent and Spain 34 percent. For the rest the percentage is much less. They are Belgium 33 percent, Saudi Arabia 32 percent, Brazil 30 percent, Turkey 30 percent, Egypt 30 percent, France 29 percent, China 22 percent, South Korea 21 percent and Japan 12 percent. 

What is the reason behind so many people agreeing on the next few days to be the best real estate buying time in India?

The consumer sentiments had been extremely low in the last few years. It is estimated by specialists that the formation of a new stable government at the Centre has raised hopes. It is even observed that with the new government coming into power, days before the swearing in, the stock exchange has seen a rapid rise. This too affects the real estate market. Moreover there is supposed to be a hike in real estate price by the end of this year. Thus the next thirty days is good time to buy real estate. “The realtors reeling under large scale of debt are offering discounts to reduce their inventory levels taking advantage of the new found optimism in the market. The residential real estate market may see an uptick in the demand and increase in the number of transactions in the near future,” says Bhaskar Canagaradjou, Associate Director, Ipsos Business Consulting.

If it is the most favourable time to grab a real estate deal then there is no point in waiting for long. If one has a mind to buy a real estate it is the best time now to buy one in India. A big majority i.e., about 60% people in India feels that the next few days holds great prospect in real estate buying business in India. The coming thirty days is the best time to enter into such a deal. Not only in India but also in other parts of the world real estate market is showing a rise. As for India, the few days ahead bring promise of best buy. If opportunity knocks once it is the wisest to grab the opportunity. This is perhaps the most attractive and promising real estate news of the present time and the time to come. Therefore, if you want a house for sale in Trivandrum, start looking now!