Homebuyers to Gain from Real Estate Investment After RERA and GST

Feb 10, 2023

Whether you are a seasoned real estate investor or a first-time home buyer, if you have been planning to invest in a property but haven’t made a move because of market volatility, now may be the right time to invest in a property. Why? Because real estate experts believe that investing in properties now can bring long-term gains. An upcoming significant change in the real estate market in India will make it more logical, transparent, and stable. This means that sales will improve drastically in the next six to twelve months, with rapidly modernizing business bases, advancement in reforms, and strong economic drivers being some of the contributing factors.

Indian Real Estate Market to Leap Forward

The real estate market in India is returning to its pre-pandemic state quickly. Investors can now use this impressive investment vehicle to grow their wealth while benefiting from the historically low EMIs. Real Estate Regulatory Authority (RERA) and Goods & Services Tax (GST) have already improved sentiments and the appeal of real estate as an income-generating asset. The idea of a single tax rate has brought a wave of transparency across the nation, bringing overall positivity to real estate investments.

Homebuyers to Benefit the Most

Across multiple buyer segments, homebuyers are expected to benefit the most under the new paradigm. Brought in by the recent regulatory regime, the new paradigm will convert even fence-sitters into actual buyers. This shift initially started with demonetisation in 2016 and was sustained by the arrival of RERA and GST. Although these changes slowed down real estate sales for a few years, things have started returning to normal and the sector seems promising for 2023.

What Makes Real Estate Attractive in 2023

Homebuyers and real estate investors can only expect a surge in the realty market as the prices aren’t reducing further. If you are looking at this sector as a more secure and stable investment vehicle than equities, which are experiencing volatility at present, you are on the right track, as more gains are waiting for you in the coming months. Plus, home loan interest rates are low, and loans are now easily available. So, this means investors will also have an easy time funding their next purchase of the real estate. 

But where to invest?

For those looking to invest in a property in Delhi NCR, there’s a promising residential project in Greater Noida. The project is Purvanchal Royal City Phase II, developed by industry leader Purvanchal Projects, featuring everything homeowners could ask for. It’s a futuristic project that not only offers high-end amenities for a lavish and comfortable life but also offers other benefits such as excellent connectivity, peaceful surroundings, easy access to necessities, and much more. This makes it one of the lauded real estate investment options in Delhi NCR. Should you choose to invest in the projection 2023, you can rest assured that you will receive maximum returns in the coming years, especially after the completion of Jewar Airport, which is a few-minutes' drive away from the project.