Property bubble is bursting … move when there still is time!
Plots in Phulera, Jaipur can provide an immediate escape route from the property bubble that has begun to explode in Delhi. Location is considered to be the most valuable determinant of a property’s value. If one can zero down on the most appropriate address for property investment, returns are guaranteed. Delhi, the capital city, since the last few decades has been a hot pick when it comes to property location. In fact, it is on account of this pertinent fact that the real estate scenario in the political capital of the country witnessed a boon. However, since last few months or about the year, the property prices have started to move in the other direction.
Rules of the game have begun to change. While earlier, sellers enjoyed the demanding position, buyers are now beginning to take charge. Basically, the schema has witnessed a transition and here is the explanation for the cause. Given the high property prices, quite a large population that owned independent houses in Delhi traded hands with builders. These independent houses have been converted to multi storied buildings and given the property prices, families that earlier resided in big houses, moved to floors. Spaces have been created, which earlier didn’t existed. Buyers, who were earlier unable to find lucrative and affordable property deals, are now finding ample options, all thanks to floors available.
From an investor’s perspective, this is not the right time to enter the real estate market of Delhi or NCR and in fact, if there are current investments, it makes sense to sell and perhaps buy other alternates that commit better returns, in relatively shorter time span.
Phulera plots as an investment avenue
Residential plots in Phulera offer a viable exit strategy. Selling off a seemingly trivial chunk of property in Delhi can perhaps help generate the cash flow needed to buy a way better positioned and reasonably sized piece of real estate in Phulera. The commercial plots in Phulera and residential plots are already in much demand and given the development the area is undergoing, impressive hikes are definite.
For investors who have been anxiously waiting for their properties in Delhi and regions nearby to generate valuable returns, which haven’t really worked, Phulera, Jaipur properties are a welcome respite. Corporate sector has trusted this portion of the desert and business community is already moving in sync with the DMIC project. As for real estate investors, all cues are in place and a move towards Phulera plots is on the cards.