Well, time now for some real estate news folks. Apparently, the latest buzz from the market experts is that the time has come to pump in money and buy some assets. The reason being the prices offered right now is said to be at an ‘opportunity cost’.
It is being noticed that the rates have been falling down over the past few months and the middlemen now say that they are likely to go up soon. They are stressing not to let go of this opportunity and also highlight the low interest charges from the bank.
While this sounds good, the real fact is that though the prices are low, the banks are not giving the loans that easily. Added to that, there has not been a significant improvement in the job market so with no flexibility from the banks and no earning prospects, perhaps this opportunity has to be passed off.
The fresh advertisement in News Papers today is about ‘Obili Township’ that slogans ‘smart homes, smart people and smart investment’. It says that a 1500 sft deluxe flat will be given away at Rs 15 lakh until August 31st as a launching offer. The developers say that the township comprises all sorts of amenities right from club house to 24 hr security.
On the other hand Suchir India has announced ‘La Colossal’, a township targeting middle class. It’s located at Shankarapalli, outside the ring road after Patancheru. The gated community lures middle class with independent villa scheme at reasonable prices (around Rs 20 lakhs in 200 to 400 sq yards of land!!), but there are doubts among many that they may end up with the standards of ‘Indiramma Illu’ as it becomes a big task for developers to find enough margins at that price.
While this is the situation, analysts are trying to figure out if not investing in these ventures will be missing opportunity cost or by investing it becomes a bad debt for middle class pockets! The arguments are going hotter indeed.
