Monday, December 1, 2008
Is now the right time to buy property in India?
Well, here are my top 10 reasons why NOW maybe the best time to invest in India…
What would happen if the supermarket and
shops started saying “CRASH” when they
meant sale?
Would you find people running around the supermarket screaming “ARRGGHHH…
There’s been a potato crash”?
No... of course not!
Isn’t it the same with property too?
You see … right now... Property is on Sale!
What do you do when things are on sale?
BUY!!
At some point, demand will be stimulated.
There will come a point in which the “average” person stops being afraid of the market and starts to see that there are some good bargains around.
This is when the sentiment changes, and we start the whole boom / bust cycle all over again.
Fun isn’t it? Well only if you know what’s going on and are “making hay while the sun shines”.
In 10 years you can look back and say “Wow… I can’t believe I bought ____ for only Rs. ___.” and everyone one else will say … “You were lucky”!
I’ll say you were smart!
Houses are not like fruit… If you need to eat, you have many choices… for instance, rather than having a banana you could have an apple.
If you need a house.. You need a house.
There are no options.
(Sleeping in the park is an option...
We’ll deal with that later)
And guess what… everyone needs a
house. If people are not buying now,
It means they are waiting.
The demand hasn’t gone…
it’s just been delayed.
People are waiting for the market to
“recover”, and when it does, all that
“stored” demand will be released and…
People forget. It’s human nature. Do you remember the last crash?
Was it all doom and gloom?
When was it ? How much did prices dip? How long did it last?
More importantly… are prices today more than they were before the last crash?
So what’s so exciting about this?
It’s all going to happen again.
After the crash… they’ll be a boom
The government tries to controls the market with interest rates.
Rates go up to curtail demand
Rates go down to encourage and stimulate demand.
At the moment interest rates are going down, and it won’t be long before the effect will be seen and demand stimulated.
So what will happen then?
Prices will go up!
Exciting!
You know – just because the market is down does not mean that the population stops growing.
Here’s an amazing fact…
By 2050 India will be the most populated country in the world with an estimated population of over 1.6 billion people.
Between then and now that’s an additional 1,000,000 per month!
That’s more than the entire population of Greece … every year !!
Think! What kind of effect will that have long term?
Prices will go up!
Compared to one year ago today’s exchange rate means that…
Every single property in India is 22% Cheaper
That’s a saving of over Rs. 10 Lakh on a property of Rs. 48 Lakh!
Or put another way… It works out to be your EMI payment for 22 months!
Property is cheaper already (even without any prices reductions!)
And that’s another reason to buy now!
Many developers across India have already reduced prices to stimulate demand.
Mantri, an A grade builder has just launched a new project in Bangalore that is around 25% cheaper than other developments in the area and 50% below current prevailing prices of finished property.
If you take into account a favourable exchange rate, and reduced prices.. Property in India can be as much as 30-50% cheaper!!
If you ask me… That’s a good deal!
Remember… Prices will not stay low forever.
Compared to one year ago today’s exchange rate means that…
Every single property in India is 22% Cheaper
That’s a saving of over Rs. 10 Lakh on a property of Rs. 48 Lakh!
Or put another way… It works out to be your EMI payment for 22 months!
Property is cheaper already (even without any prices reductions!)
And that’s another reason to buy now!
Markets go up and down... that’s a fact… no one can change that !!!
You see it’s a law of property!
But low prices, as we have seen, are only temporary.
On average prices go 10% per annum (including the highs and lows).
Remember prices go up long term. FACT.
What would you rather do? Buy high and sell low or buy low and sell high?
Think long term!
You know – just because the market is down does not mean that the population stops growing.
Here’s an amazing fact…
By 2050 India will be the most populated country in the world with an estimated population of over 1.6 billion people.
Between then and now that’s an additional 1,000,000 per month!
That’s more than the entire population of Greece … every year !!
Think! What kind of effect will that have long term?
Prices will go up!
People forget. It’s human nature. Do you remember the last crash?
Was it all doom and gloom?
When was it ? How much did prices dip? How long did it last?
More importantly… are prices today more than they were before the last crash?
So what’s so exciting about this?
It’s all going to happen again.
After the crash… they’ll be a boom!
What would happen if the supermarket and shops started saying “CRASH” when they meant sale?
Would you find people running around the supermarket screaming “ARRGGHHH… There’s been a potato crash”?
No... of course not!
Isn’t it the same with property too?
You see … right now... Property is on Sale!
What do you do when things are on sale?
BUY!!
I hope you can see why I feel that It’s always a good time to buy for the ‘smart’ investor.
But… You have to plan long term.
In 2 years will the market have ‘recovered’? I think so. Does it not make sense to pick up a ‘bargain’ now? Well, I’ll leave to you to decide if you should. However… I’m out there buying!
On that note, I hope you visit http://www.assetventures.in and search for properties and buy .
See you there!
P.S. Please send this along to your friends… I’m sure they’ll enjoy it too
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Interview Request
Hello Dear and Respected,
I hope you are fine and carrying on the great work you have been doing for the Internet surfers. I am Ghazala Khan from The Pakistani Spectator (TPS), We at TPS throw a candid look on everything happening in and for Pakistan in the world. We are trying to contribute our humble share in the webosphere. Our aim is to foster peace, progress and harmony with passion.
We at TPS are carrying out a new series of interviews with the notable passionate bloggers, writers, and webmasters. In that regard, we would like to interview you, if you don't mind. Please send us your approval for your interview at email address "ghazala.khi at gmail dot com", so that I could send you the Interview questions. We would be extremely grateful.
regards Khanum on behalf of
Ghazala Khan
The Pakistani Spectator
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