Housing scenario – a brief analysis
The boom in real estate sector from 2005 onwards has been perhaps unique in the past few decades. With the economic fluctuations of the last few years, there is a growing concern about investment in housing sector.
However, if we look at the larger picture, it is found that the housing demand is not fuelled by short term sentiments but sound economics of demand and supply, and with the growing urban population the housing sector growth is bound to continue with rich dividends to investors and good deals for users.
As per eleventh five year plan document, urban housing demand was just about three percent in 1971, which grew to about twenty five percent in 2007 and has remained at almost same levels till 2012.
As per data from NHB Residex, the prices in cities like Indore and Raipur have almost remained flat from around 2011 to 2013 despite high overall inflation. The developers are also offering incentives and attractive quality housing solutions to attract potential home owners.
The competition and strict regulation has helped differentiate quality builders from build and vanish developers. This presents a great opportunity for genuine buyers as they can fulfil their dream of quality home.
It is a known situation that metro cities in India have saturated resulting in difficulty of commutation and amenities and hence a fall in quality of living with steep cost of housing. The hard working investor desires quality of life in return for investment. This has drawn the focus of investors towards smaller cities like Jabalpur where they can achieve a balance in their work and leisure and expect a long term peaceful and pleasant life-style.
Hence it can be concluded that the urban housing sector is a long term benefit sector with good opportunities for buyers who can expect quality offerings for a happy living by investing in quality projects in towns like Jabalpur.
Ideal Properties is a well established and reputed name in Jabalpur real estate market which has served with quality housing solutions to hundreds of satisfied home owners.
