9 Reasons Why Brokers Should Focus on Resale Market

9 Reasons Why brokers should focus on resale

market

RE/MAX Mumbai Gujarat Maharashtra

Lot of inventory

• There is a lot of inventory yet to bepossesed

• So investors have bought the unitsbut no one to use it.


High interest rates

• Historically high interest rate has kept EMI unaffordable

• Hence salaried class still cannot buyhomes – which is the bulk of Indianconsumer


Plan pass complexity

• Thanks to regulation changes by State governments : Passing a plan for a new project is very difficult.


Central government regulation

• The new central govt regulationsrequire all requisite permissions even before a single booking isdone.

• This increases the cost

• It also delays new projects


Sand mining restriction

• Critical component of new construction- Sand is now a scare commodity


Inflation

• High inflation increases the cost of construction

• Reduces the disposal income of people to save for real estateinvestment


Slow Economy

• Economy growing at less than 7% doesnt have enough saving for a real estate boom

• Economy set grow at 5% for few more years.


Life of property

• Life of a property is 50 years and itchanges on an average 5 ownersbefore its redeveloped.

• The total sale of second hand car ismore than new cars in India


A lot of options :

• The past real estate boom has left a lot of options

• Each unit is unique and hencerequires special selling


Thank You

Real Estate

9 Reasons Why Brokers Should Focus on Resale Market