India is one of the fastest growing real-estate markets in the world, which is not only attracting domestic real-estate developers, but also foreign investors to invest in multi-dimensional projects ranging from commercial to residential.
Real estate which was one of the most esteemed investment avenues in India, has recently seen a dip in its popularity because of the inactivity or drop in prices. Apart from this, real estate has been considered safe for parking black money; but the reforms such as Real Estate (Regulation and Development) Act (RERA) and Goods & Services Tax (GST) and Demonetization brought in by the government to restrict the black money menace has hit the sector hard.
2018 is unlikely to see any price rise in residential projects in Mumbai, however the recent reforms will boost the confidence of the home buyers and sales are likely to pick up in 2018, experts believe.
The real estate market in 2018 is expected to show price levels on a similar scale when compared with those of 2017. All in all, the year will remain a good time to buy.
And when it comes to a safe investment, Hiranandani Real Estate is the best option. The Hiranandani Group continues to transform city landscapes and have the potential of creating a well-planned township in various places.
They take pride in creating cohesive, self-sustained residential projects in Mumbai
that are garlanded with iconic architecture and topnotch amenities. Each township is a city within a city with state-of-the-art business parks, hospitals, malls, schools and recreational facilities along with lush sprawling green spaces.
If you’re looking to spend your hard-earned money on homes or any other residential properties, Hiranandani Communities is worth considering.