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Anurag Jhanwar

Business Head Consulting- Research & Data lab , Proptiger.com

Is it the right time to buy your dream home now?

 

Questions Answered

Q

guest: Is it the right time to buy home or wait for more time to get at cheaper rate?

Anurag Jhanwar: This is the right time to buy as the pressure on the Developers to reduce inventory is high and hence you will be able to negotiate good terms.
Q

guest: Do you see flat prices reduced

Anurag Jhanwar: On a case to case basis we might see this happening, don`t expect to across the board reduction though.
Q

guest: Is there any chances realty rates to go down

Anurag Jhanwar: On a case to case basis we might see this happening, don`t expect to across the board reduction though
Q

guest: Will real estate prices will come down because of currency change? How much percentage it will change ?

Anurag Jhanwar: This is the right time to buy as the pressure on the Developers to reduce inventory is high and hence you will be able to negotiate good terms.
Q

guest: When do you think property market will roll back in NCR...5 years or 10 years. Will be get another correction now with black money put.

Anurag Jhanwar: NCR market is expected to be under pressure on account of huge inventory overhang. While I don`t see across the board reduction in prices, serious buyers will be able to get good deals.
Q

guest: I want to invest in a property rs. 25 lacs.. Is it right time to invest for 1 year.

Anurag Jhanwar: Investment in property should be looked from a long term horizon, minimum 3-5 years as the asset class is also not liquid and takes time to be sold.
Q

guest: Will the real estate in city as well as those in rural areas fall further

Anurag Jhanwar: With the expectation that the black component will be flushed out of system, there will be pressure on the operational cash flow for the developers which can offer good opportunity to serious buyers. Don`t see across the board fall in prices.
Q

guest: How is the new measure of stopping 500 n 1000 notes going to impact the real estate sector. How will it reduce price

Anurag Jhanwar: Expected to affect the operating cash flow of the developers coupled with higher incidence of taxation. Price discounts beyond a point will be difficult as it has to make economic sense to them...might provide deal specific offers.
Q

guest: Buying a land is this good

Anurag Jhanwar: From a long term perspective yes - with adequate safeguards and in an upcoming growth corridor.
Q

guest: What is your take on Hyderabad

Anurag Jhanwar: Good city with strong fundamentals. Expected to give good returns in long term.
Q

guest: What are the prospects of West Pune (Baner-Balewadi area) in terms of development and appreciation? Is it the right time to buy a house here?

Anurag Jhanwar: Good prospectus and right time to invest for end use.
Q

guest: Is it wise to buy home now ? Or one should wait for few more years

Anurag Jhanwar: This is the right time to buy as the pressure on the Developers to reduce inventory is high and hence you will be able to negotiate good terms
Q

rajbende: Sir..we wish to sell our 2 bhk n buy 3 bhk.kindly guide if this is right time to seell n buy...even we have a option to buy 1 bhk for investment if not to sell kindly provide your views..

Anurag Jhanwar: I would advise to wait for couple of quarters before taking it to market.
Q

guest: Will real estate prices fall in coming days, say 1 - 2 years? Can I buy Residencial Plots little away from the main cities?

Anurag Jhanwar: Don`t expect across the board fall in prices.Good time to explore and get good deals is already there and should be utilized
Q

shri_sb: Wil property prices come down in 2017 given relaxation in interest rates?

Anurag Jhanwar: This is the right time to buy as the pressure on the Developers to reduce inventory is high and hence you will be able to negotiate good terms
Q

guest: What is your views of real estate grading offered by rating agencies?

Anurag Jhanwar: A good tool to aid in decision making and demonstrates transparency practices of the developer.
Q

guest: Any up coming project near Viman nagar,Pune

Anurag Jhanwar: There are some projects from Kolte Patil, NaikNavare and BU Bhandari which can be explored
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