Interesting Property Times in January 2014
Mumbai property market to become very interesting in January 2014.
The Year 2013 saw an amazing trend with Developers having a strategy of pre-launching at prices which were way below the under construction property prices and the ready possession stock. Most of the projects launched with strategy by Lodha Group, Kalpataru Limited, Shapoorji Pallonji Real Estate, Omkar Realtors and Developers Pvt. Ltd. and other real estate developers witnessed superb traction.
The year 2014, should see a similar trend with Builders wanting to exit projects with maximum sales at lowest prices, as unlike 2010 – 2011 markets, there are much more projects in the market and at levels of parity in micro-locations.
The market of 2013 and 2014 is going to be similar, but the only difference being that in 2014 Second Quarter, we may see a major bounce back of confidence due to the new government.
If you are a fence sitter, do review the situation that Top Developers don’t launch projects every few month. So do not wait thinking too much if you see a Top Developers project launched in your budgets. With 3-5 years possession, you are bound to see an upside in most of the New Launches. It may be difficult to see what kind of returns one can expect, but be rest assured, that you will get better returns than any financial product and a quality asset which you can use in future.
Wish you a Great New Year ahead.
Team – Mumbai Property Exchange.com