A couple of days ago the ET carried a column (http://economictimes.indiatimes.com/Opinion/Columnists/Jaideep_Mishra/Fiscal_stimuli_creditable_would_do_good/articleshow/3816072.cms) which dealt with the influence of reality market on the GDP.
The figure enumerated was an eye-opener.
The copy stated: “Estimates suggest that for every rupee invested in the construction of housing, Re 0.78 is added to the gross domestic product. Further, the real estate sector impacts as many as 269 other industries. Besides, it is the second largest employment generator in the economy.”
Considering the figure, the monetary and fiscal measures announced the government to bring the reality market out of the recession loop is understandable.
And since housing is directly linked to GDP, I am sure the measures would be swift.
So there’s no point in playing the waiting game. If you have a house in mind and can arrange the finances go for it. This is the right time.
I have come across people saying wait till February and the prices will fall to an all time low.
On the contrary, I think the market will stabilise by that time.
Hello world!
2 years ago
3 comments:
well, if the markets are going to stabilise by february next and the right time to buy is now, then why is the entire builder lot offering housing at such low costs, compared to even 6 months ago??? but the blog is nice and informative.
Thanks!
A very valid question, but I think the reason lies in the fact that the builders want to cover-up their escalating losses. Still, the prices cannot be compared to those which were there six months ago. The rates have no doubt come down but not so much as they are projected to be.
Thanks again.
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