Residents were now not able to manage their funds in order to invest in properties that interested them. This would then result in the drop in the demand for residential spaces which adversely affects property developers as they would be left with units that are unsold for quite a while.
visit: https://godrejaquahosahalli.grihhpravesh.com/
Few ultimate challenge that is posing a threat to the property sector
1. Are You Looking To Buy
Property?
Property investments are here to stay. There are times when one should
realize the importance of owning a property for long-term gains. Residents
after living all their lives as tenants are now effectively transitioning to
real-time home owners. The rea estate market in India after the late 1990’s
has been profitable and has created revenues like no other. Godrej Aqua by
Godrej properties is one such project that is precisely located at Hosahalli in
Bangalore. The project offers fabulous amenities that are in line with industry
standards and customer expectations. Hosahalli, which is one of the twin
villages Mattur-Hosahalli is located along the banks of the Tunga River. This
contributes to overall eco-friendliness that customer expect before they come
to investment decisions. Over the years, it has been noticed that the property
market has faced challenges that were tricky to confront initially. However,
with devising specific marketing strategies, things have smoothened quite a
bit. Taking Bangalore for instance, the rise in nuclear families across
emerging localities is significant and this has led to the increase in demand for
affordable homes. Realtors are now forced to make changes to existing
marketing strategies that are specially catered to solve resident expectations.
With the introduction of government regulatory bodies like RERA and tax
reforms such as GST, operations have become a lot stringent in nature.
Realtors are now required to share all project and land-related legal details
with investors and make sure they deliver what is expected. This way some of
the realtors are losing their credibility as service delivery is not often met.
However, Godrej properties have seamlessly sailed through these
challenges and have always had a customer-centric approach to break all
barriers and provide some of the finest residential spaces providing numerous
benefits.
2. Economic slowdown and recession impact on the real estate sector
This is by far the most important challenge that the real estate industry is
facing. The property market was the most profitable industry in the year 2006
and the years after. However, in 2008 when the recession hit, it was
disastrous for the market as a major chunk of the population lost their jobs
and funds were scarce. This eventually led to the downfall of the real estate
market as they weren’t able to attract profitable investors for long-term gains.
Investors who were earning quite well during those times were able to put
their money to buy alternative properties. This again increased the number of
unused assets which adversely affected the credibility of the projects
launched by renowned realtors and decreased the overall market share.
Staggering interest rates and unclear taxation norms
This has been a major concern of the real estate property market. Bank loans
provided to residents are never the same and keeps fluctuating based on the
market trend. However, if the rate of interest increases, that would evidently
3. mean that the demand for properties would decrease in a major scale which is
quite a challenge as new strategies need to be formulated to match up to the
demand. Secondly, there was no transparency as far as changing tax reforms
are concerned. Residents and realtors weren’t provided enough clarity about
tax clauses that involve VAT and excise duty.
Scarcity of resources in other sectors leading to employment failures
This is yet another challenge that the real estate market had to face. Because
of certain unforeseen circumstances, residents working in other sectors were
losing jobs because of the impact of artificial intelligence and increased
automation. Residents were now not able to manage their funds in order to
invest in properties that interested them. This would then result in the drop in
the demand for residential spaces which adversely affects property
developers as they would be left with units that are unsold for quite a while.
4. Godrej Aqua
Godrej Aqua, located at Hosahalli has effectively transitioned and planned
their resources effectively so they don’t end up in risky situations. Residents
are even called to the site for periodic visits so they experience the property
5. development at various stages. This establishes long-standing relationships
with key clients for future business prospects. With affordable housing
structures, residents are sure to partner with Godrej Aqua Hosahalli for a
secured future!
Visit: https://godrejaquahosahalli.grihhpravesh.com/
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Godrej Aqua in Hosahalli Billamaranahalli – Book Your Dream Home Now
Godrej Aqua | Upcoming Residential Apartment | Hosahalli Bangalore
Hosahalli, Bengaluru, Karnataka 562157, India