After battling a prolonged battle with liquidity crisis, real estate scene of Indian economy is finally, after fighting against all odds, is resurging back. What more, with the onset of festive season in India, chances of a complete resurgence are looking extremely strong.
Festive season unlike last year, is expected to bring smiles to the face of prospective real estate property buyers of Indian origin. Reason, interest rates are on all time lows and sellers ie developers have realised the fact that selling properties at any price will not be doing any goods to them since, the customers are not ready to buy it. Developments like these clearly suggest that it will be definitely interesting to watch the scene at real estate Delhi/NCR hot up. Purely because of the fact that in recent times there have been plenty of low interest rate loan products coupled with attractive side-on and complimentary offers from various financing industries including banks themselves, which are promising to facilitate the buyout options of people interested in buying themselves any residential plot across the country.
With handy finance options available just at the click of mouse, it looks like that people have realised that and the same thing is certainly preventing developers from quoting exceptionally high prices. With liquidity crisis in its last stages, real estate developers in India are not taking any chances and are mainly focussed to repair their dented balance-sheets and financial statements. With many projects in real estate Delhi/NCR region already stalled, this is looking like one practice that can benefit both buyers as well as sellers.
To add more to it, a significant drop in the number of projects announced (to be launched) too have been observed. However, many projects such as Olive County Vasundhara have successfully despised the ill-effects of recession and are continuing to be at the top of buyers’ list.
The prime reason of Olive County Vasundhara project’s success is its location. Away from the polluted & chaotic environment, the dream paradise is situated in Ghaziabad (which some time back was crowned ‘sixth most dynamic city in the world’), a place inhabited by lush-green pastures and sufficient wide space to breathe in fresh air. Luxurious yet affordable, the plots and flats available under this project never give an impression that its buyer has shelled out a fortune to own one.
Speaking of its other interesting aspects, Olive County Vasundhara is just a touching distance away from NH-24 and capital of country, Delhi. That is not all with a Metro-Railway station to soon come up in Vaishali, shuttling woes between Delhi-Vasundhara are nearing their end. However, till then residents of the county have made it a point to hit the nearby Dilshad-Garden metro station for moving in and out of Delhi in the least time possible.
That is not all following the success of projects in Vasundhara landscapes, more and more developers are battling it out to buy a piece of land. Already Olive County has created a history after posting success at time when most other projects failed to take-off completely and fell flat.
Certainly real estate Delhi/NCR is a region to look forward in upcoming festive season.