The real estate market in Kolkata sometimes becomes volatile. For the past three to four years, the demand for real estate has gone sluggish. Now, the situation has again become favorable for buyers. So, the buyers can enjoy the all possible advantages. Having proper negotiation skills and a few site visits is sufficient to strike a profitable deal while buying 2/3 BHK flats in Kolkata.
Why Prices Fall?
When a real estate project is launched, a base price is fixed. The developer tests the demand by escalating the price gradually. When a certain level is reached, the demand does not rise. In some cases, external factors like economic slowdown also result in lowering of demands. In that case, the inventory level exceeds the demand and results in lowering of prices of residential units.
What Happens When the Demand Falls?
From real estate developers’ point of view, the lowering of demand leads to correction of prices. This is done to boost the sale of unsold flats for sale in Kolkata. In some cases, more choices are added to customer’s basket with new launches by keeping in mind the right configurations.
The Year 2016 Is Witnessing Rise in Demand:
The real estate market has witnessed a slump growth in 2015. However, the market has marked a few improvements in the first quarter of 2016. The launch of affordable housing units grew by six times because real estate developers predicted increased demand from the highly price sensitive customers.
Now, some factors have made the residential real estate the buyer’s market where the buyer gets the upper hand. Homebuyers have various options at their disposal. In addition, buyers can take advantage of attractive payment plans.
Gains That Can Be Made from Buyer’s Market:
Prices of residential units fall when stocks remain unsold. If the prices are not affected, then negotiation can lead to profitable deals. However, some real estate developers are adamant. They do not analyze the scenario of a slow market. They do not make any transaction if they do not get the expected returns. If a buyer finds that he or she is not getting the best deal, then other options should be explored. In buyers’ market, the buyer is bestowed with all powers.
Indication of Flat to Be Sold Shortly:
A flat may remain unsold for several weeks or months. In that case, the developer may sell the flat as fast as possible at reduced price. If you happen to come across such situation, it will be wise to ask for add-ons like furnishings and other accessories.
Avoid Confusion:
When the supply of real estate products increases, it creates confusion for buyers. Customers are confused about which project to choose. Buyers can get best deals and products when they choose projects of reputed developer. Now, the buyer has already selected a reputed developer. The next thing to do is to look for the ongoing projects that are likely to be completed within a year so that they get the best quality.
If you are planning to take advantage of buyers’ market, choose Realtech Nirman, which is leading provider of residential flats in Kolkata. They have several ongoing projects that are being developed in excellent locations and all the properties are affordably priced.
Why Prices Fall?
When a real estate project is launched, a base price is fixed. The developer tests the demand by escalating the price gradually. When a certain level is reached, the demand does not rise. In some cases, external factors like economic slowdown also result in lowering of demands. In that case, the inventory level exceeds the demand and results in lowering of prices of residential units.
What Happens When the Demand Falls?
From real estate developers’ point of view, the lowering of demand leads to correction of prices. This is done to boost the sale of unsold flats for sale in Kolkata. In some cases, more choices are added to customer’s basket with new launches by keeping in mind the right configurations.
The Year 2016 Is Witnessing Rise in Demand:
The real estate market has witnessed a slump growth in 2015. However, the market has marked a few improvements in the first quarter of 2016. The launch of affordable housing units grew by six times because real estate developers predicted increased demand from the highly price sensitive customers.
Now, some factors have made the residential real estate the buyer’s market where the buyer gets the upper hand. Homebuyers have various options at their disposal. In addition, buyers can take advantage of attractive payment plans.
Gains That Can Be Made from Buyer’s Market:
Prices of residential units fall when stocks remain unsold. If the prices are not affected, then negotiation can lead to profitable deals. However, some real estate developers are adamant. They do not analyze the scenario of a slow market. They do not make any transaction if they do not get the expected returns. If a buyer finds that he or she is not getting the best deal, then other options should be explored. In buyers’ market, the buyer is bestowed with all powers.
Indication of Flat to Be Sold Shortly:
A flat may remain unsold for several weeks or months. In that case, the developer may sell the flat as fast as possible at reduced price. If you happen to come across such situation, it will be wise to ask for add-ons like furnishings and other accessories.
Avoid Confusion:
When the supply of real estate products increases, it creates confusion for buyers. Customers are confused about which project to choose. Buyers can get best deals and products when they choose projects of reputed developer. Now, the buyer has already selected a reputed developer. The next thing to do is to look for the ongoing projects that are likely to be completed within a year so that they get the best quality.
If you are planning to take advantage of buyers’ market, choose Realtech Nirman, which is leading provider of residential flats in Kolkata. They have several ongoing projects that are being developed in excellent locations and all the properties are affordably priced.
