In 2017 end what is hot in real estate market Ghaziabad

by Priya G. Real Estate Business Expert

2017 has been a year that is quite eventful when it comes to the Ghaziabad district that is emerging as a major hub as far as the capital region is concerned.

One of the big factors in this part of capital region of the country has been the clear focus on the affordable housing segment. Thanks to some of the respected developers in this part of Uttar Pradesh because they have shown a great concern for the customer so that all deals become transparent and the transfer of the property becomes smooth and all parameters of the deal between the customer and builder are quite appreciable.

In the initial phase of the year, there could have arisen confusion between the buyer and the seller because at some point the road might not have seemed clear but the things changed as time went passing. The uncertainty factor as far as the purchase of property in Ghaziabad in the initial months of 2017 is gone now. One of the causes for this was the demonetization policy launched by the government because of which many developers had t close the doors but then many realized that this is in their benefit and the government wants them to show clarity in this area of business.

· One of the hottest things in the real estate markets in the city of Ghaziabad by the end of the year 2017 are the game changing policies in this sector like GST and RERA. Because of these policies, there has been a lot more transparency and clarity when it comes to the purchase of Ghaziabad property. Note that, when there is transparency and clarity in the deals, there is accountability. This is positive accountability and it finally goes for the benefit of buyer as well as seller.

As far as the clarity on the GST rate that is applicable for the real estate sector of Ghaziabad is concerned, there are certain expectations in this sector and these will be reflected in the year 2018. But one thing to note is that in the long run these policies are going to make the developer as well as the buyer of flats in Ghaziabad glad. Many builders do follow the concept of affordable housing that can attract customers and finally yield returns that are beyond the expectations as thought initially.