Having one’s own roof over the head is everyone’s ultimate dream. The sense of security and well being that comes from owning a house is unparalleled. Now, there is no right time to buy a house as such. Whenever you have the need and the right kind of money around, go for it. Investing in realty is today the best way to park your money safely. No matter what speculations suggest, housing prices are not going to fall; at least not anytime soon and not drastically either, if at all. Even if there is some stagnation in the six metros of the country, the situation is looking up in Tier II and Tier III cities like Indore, Bhopal, Nagpur, Raipur, Patna, Aurangabad, Vadodara, Gwalior, Agra, Vizag, Vijayawada, Pune, Guwahati, Bhubaneswar etc. where prices will only rise in near future.
Need to wait for price correction?
As has been said, don’t base your decision on price fluctuations. Some ups and downs are obvious in any market. But that should not matter much in the end and the larger picture remains same. Investment in realty will remain a prudent option any day. Indian market runs more on sentiments than assessment of the real situation. Even if today prices are lowering in some segments, tomorrow they may spiral. Therefore, there is no ‘right’ time, just go for it. The rent you would be paying to your house owner every month all your life for something that can never be your own, is way more than what you pay up in your EMIs for 15 or 20 years. Your money in bank will also not fetch the kind of interest that will be commensurate with the returns you get from your property in case you sell it off some day, or let it out. Either way it is not a loss to put in your money in a plot/flat. what is market scenario? click next-