Anytime is the right time to buy real estate

Many of us want to buy real estate some for self-occupation and some for investment. If it is for self-occupation, do not wait, this is the right time. But if it is for investment, then wait for another year or two. You must be saying that prices will fall, but are they really falling? The inventory levels are high and the demand is low, developers are looking for new ways to con the customers into buying at the current prices. Buyers are excited, with interest rates falling, but for reality to sink in i.e. for prices to fall, will depend on the holding capacity of the developers. The other issue is getting all clearances. With the government changing, the well-oiled machinery also started finding problems and now you have buildings ready but no permissions to stay.

The government is working hard or hardly to bring the real estate regulation act. This should act as a booster and give us more surety with getting what is promised in the agreement. But if you still want to buy for self-occupation, please do the following, verify that the various permissions have been received, and check the track record for timely delivery with all permissions and facilities. But better still is go for a ready to move property, the hassles will be lesser, ultimately you would still go for the same amount of loan and you could benefit from the falling interest rates. Saying all this, remember that by nature real estate market is full of risks, you put in your hard earned money, so if you would want to reduce some risk wait for a year or two. Till then safely park your money in some good debt oriented mutual funds for good low tax returns than in fixed deposits where interest is taxable.