9 reasons why brokers should focus on resale market

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9 reasons why brokers should focus on resale market

  1. 1. 9 Reasons Why brokers should focus on resale market
  2. 2. RE/MAX Mumbai Gujarat Maharashtra Lot of inventory • There is a lot of inventory yet to be possesed • So investors have bought the units but no one to use it.
  3. 3. RE/MAX Mumbai Gujarat Maharashtra High interest rates • Historically high interest rate has kept EMI unaffordable • Hence salaried class still cannot buy homes – which is the bulk of Indian consumer
  4. 4. RE/MAX Mumbai Gujarat Maharashtra Plan pass complexity • Thanks to regulation changes by State governments : Passing a plan for a new project is very difficult.
  5. 5. RE/MAX Mumbai Gujarat Maharashtra Central government regulation • The new central govt regulations require all requisite permissions even before a single booking is done. • This increases the cost • It also delays new projects
  6. 6. RE/MAX Mumbai Gujarat Maharashtra Sand mining restriction • Critical component of new construction- Sand is now a scare commodity
  7. 7. RE/MAX Mumbai Gujarat Maharashtra Inflation • High inflation increases the cost of construction • Reduces the disposal income of people to save for real estate investment
  8. 8. RE/MAX Mumbai Gujarat Maharashtra 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.
  9. 9. RE/MAX Mumbai Gujarat Maharashtra Life of property • Life of a property is 50 years and it changes on an average 5 owners before its redeveloped. • The total sale of second hand car is more than new cars in India
  10. 10. RE/MAX Mumbai Gujarat Maharashtra A lot of options : • The past real estate boom has left a lot of options • Each unit is unique and hence requires special selling
  11. 11. RE/MAX Mumbai Gujarat Maharashtra Thank You

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