Why Invest

WHY BUY TODAY???

The changes in the real estate scenario in the country have left many buyers thinking as to whether it is a good time to buy a home today. In fact it is very good idea to buy your home today for the following reasons

ARE  PRICES REASONABLE?

We offer the most competitive prices in the city for the highest quality of construction.

WILL THE PRICES COME DOWN FURTHER IN THE CITY?

This is unlikely and prices have almost bottomed out. They may actually increase keeping in mind that there is a huge latent demand in large Indian cities and a rapid growth in urban population.

The sale price is a function of construction cost as well as land price and overheads. It is unlikely that the prices prevailing today will get lower, since cost of labour has been steadily increasing. As on today, we are selling our villas and apartments at close to cost price. Hence it is not possible for the prices to fall further and it is unlikely that any other builder can sell at our prices. Prices will rise over the next 12 months since the low sale prices prevailing today are unviable. The huge drop the market has seen in prices over the last few months is of builders who were selling at exorbitant prices of Rs. 3000 to Rs. 4500 sft.

If the builder is selling at unreasonably low prices (especially pre-sanction), the actual delivery of the project will be at risk. Many of these builders are using receipts from bookings to meet current debts and the money is not going towards construction on site.

In fact, the projects located along the Outer Ring Road (as most of our projects), the rates will increase . This is because the work on the  Outer Ring Road is in progress in most of the zones. Once the  Outer Ring Road is opened, better road connectivity will cause a huge shift of people to the areas along the  Outer Ring Road. Hence prices in these areas abutting the  Outer Ring Road will increase far more than in other areas, giving tremendous appreciation benefits to today’s buyers.

IS THIS A GOOD TIME TO AVAIL A HOME LOAN?

Yes. It is an excellent time to avail a home loan. As all are aware, banks have been steadily lowering interest rates on home loans from very high values prevailing last year. In fact, public sector banks and especially SBI are offering exciting offers such as 8% interest etc. There are also very attractive offers for loans under Rs. 20 lacs. Buyers must realize that these low rates make substantial difference to EMI payments. Also it is unlikely that home loan interest rates will drop any more.   

Hence in the light of all these factors, it is best that the buyers come forward to purchase today. Low prices prevailing today will not exist in the next 6 months since there will be an upward revision in pricing.