Property development index reports some notable development had taken place, in terms of the nature of the purchase. Consumers are changing their preferences while developers are luring in customers by introducing a newer variety of improved freebies.
The forward-looking strategies from the newly formed government and a favorable eco-system of consumer interests are creating scope for investment and it is helping the industry to grow.
Benefits of a changed property purchase eco-system
Developers are clearing out the buffered list of developed properties. In other words, properties that were developed and not sold due to lack of buying pattern are now being sold with new rules being set out. This includes the introduction of REITs and reduced interest rates in home loans.
Trends of property buying eco-system
People are opting for virtual learning modules to compare, buy and opt for an improved variety of customized properties.
Given the improved rate of frauds and cases of a cheat, people are now working out to know if a developer is of any value. Before counting on a developer, people are comparing the score
So, the pattern of buying index is changing. People are now opting for improved variety of select formula for purchase. As a developer, you need to be catered to custom requirements whereas as consumers you should be informed of what constitutes a good property purchase
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