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Gurgaon News  | Gurgaon Blogs  |  Gurgaon Article

New Payment Plans to keep Property Market Steady
15/05/2014
Due to some recent financial crisis, housing marketing has slowly declined in past few years. Now developers and builders are expecting change in the market with greater recovery. This recovery will surely encourage many developers and builders to announce various special payment plans with discounts. These plans will guarantee boost the current market steady with attractive rental income. As per the exciting market situation developers plan, the innovative offers attract homebuyers. New plans of the builders provide opportunity for the buyers to pay for their home in a convenient and flexible mode. With the introduction of convenient and flexible mode, now buyers can easily buy home at very affordable rates even at the time when their financial condition is not so good.

In past, real estate market has faced some serious slowdown which affects the customer’s set of mind and their expectations as well. Due to the affected mind set, some of the customers feel that buying houses on the present rates is not affordable. That’s the main reason, property developers face losses in their business. For example, in the case if buyers are looking to buy a property then they have to pay only 15% of the total cost with service tax. 75% of the cost was finance by the bank then again the buyers have to pay rest 10% of the cost at the time of possession.

Now, the developers are expecting that the new government will bring back real estate market on the track. But the next government has to take some essential regulations related to the real estate market as soon as possible to bring the market back on track. To reduce the inventories, developers and builders have to introduce some of the consumer-friendly payment plans. Developers have to be very careful while selecting their new plans which match future repayment capability and current finances. Main motive of the introducing new payments plans is to increase the sale of the property so that developers will get some relief.

To boost the market, developers should launch 50, 60:40 or 70:30 like schemes for the customers which will definitely boost the cost of residential units. As per these schemes buyers can make the payments according to progress of the construction work. This also ensures buyers that the developer is promising and the project is under construction. RBI also intervenes in the market which lessens the risk for the buyers as proper research has to be done before buying a home.

Source :www.gurgaonproperties.net






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