Industry re-boot: Putting real estate back on track

The important factor to keep in mind is the track record of the developers to check whether they have been adhering to project delivery timelines.

Are you planning to buy a house? In a recent survey conducted by Magicbricks – Investability of Real Estate, over 91 per cent respondents confirmed their intention of buying a house within three years. Do you fall in the same category? Check out the full coverage

Magicbricks forum frequently receives queries from consumers across India on whether it is the right time to buy a house. Some ask specifically whether property prices have dropped in the local market or whether they should postpone their buying decision by a quarter when the market becomes conducive towards pricing. Some even enquire whether they fit the bill to buy.

If your real estate queries match, then you should know that there is no right time to buy a house. You should buy one when you are financially capable. Similarly, queries on the capability can be tackled through using various online calculators available on realty portals.

The important factor to keep in mind is the track record of the developers to check whether they have been adhering to project delivery timelines. Developers who have a plethora of ongoing projects and at different stages of completion should be encouraged and preferred.

The need to re-boot the real estate industry is of paramount importance. Magicbricks brings to you a dialogue between developers, policy makers, municipal authorities, finance experts, etc on one hand and consumers on the other.

Magicbricks is conducting Real Estate Dialogues on the topic Industry re-boot: Putting real estate back on track to take a 360 degree look at issues inflicting real estate industry and come up with solutions from the industry stakeholders.

The event is scheduled on 8 June, 2016 in Delhi. The panellists for the boardroom discussion are Rajiv Ranjan Mishra, joint secretary, Ministry of Housing; Vijay Kumar Yadav, vice chairman, GDA; Kiran Wadhwa, former chief economist, HUDCO; Deepak Kapoor, president CREDAI-Western UP & director, Gulshan Homz; Vineet Gupta, director, Ajnara India Ltd; Manoj Gaur, President CREDAI-NCR & MD, Gaursons India Ltd; Rakesh Yadav, chairman, Antriksh India; Ashwani Prakash, executive director, Paramount Group; Gaurav Gupta, director, SG Estates; Ruby Arya, executive vice chairman, Milestone Capital Advisors Ltd.

Source: http://realty.economictimes.indiatimes.com/news/industry/industry-re-boot-putting-real-estate-back-on-track/52648612

 

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