"Take the real estate plunge now"
What happens when you get the young guns of Mumbai's real estate market in one room to discuss the burning issues plaguing the sector?
In an exclusive Times Property roundtable, we tried to achieve just that.
Here are a few takeaways
The recently held CREDAI-MCHI Thane Youth Wing roundtable saw the getting-together of the young fresh blood that has taken it upon themselves to catapult this liquidity-starved sector (the third highest contributor to India's GDP), to a brighter future.
THE YOUTH OF TODAY...
The age demographic of the young buyers is in the range of 27-40 years. Their priorities have shifted from other materialistic indulgences to something more substantial such as real estate. They understand that real estate, as an asset, will only give them healthy returns in the future. After all, it's the only asset that appreciates, isn't it? They have also refrained from investing in other assets such as stocks or gold.
Thane Youth Wing and managing director, NM Spaces
With the triple threats of demonetisation, RERA and GST out in the open, fence-sit-ters are urged to become active home-buyers. Since there are no more big poli-cy changes that are left to be announced, it is the best time to go home-hunting. Also, the ease of doing business has come in, with the help of which it would take about two months to get the n clear-ances.
Thane Youth Wing and director, Rosa Group
AN EMERGING BUYER SEGMENT
The youth today, is well-aware, well-read and is well-versed w.r.t its needs and preferences while buying a home. They are earning well and are seeking a more wholesome living experience and not lust four walls. Hence, we should not under-estimate the youth as a buyer segment.
joint treasurer, CREDAI-MCHI
Thane Youth Wing and sales head, SquareFeet Group
A WHOLESOME LIVING...
PEOPLE TODAY ARE GOING BEYOND JUST FOUR WALLS WHEN IT COMES TO HOME-BUYING. THEY ARE LOOKING AT SOCIAL AND PHYSICAL INFRASTRUC-TURE, THE REPUTATION OF THE DEVEL-OPER AND ALSO, A GROWING TREND HAS BEEN OBSERVED IN THEIR KEEN-NESS TO LOOK FOR HOMES THAT ARE CLOSE TO THEIR PLACES OF WORK.
THANE YOUTH WING AND DIRECTOR, ROSA GROUP
10 CREDIBLE DEVELOPERS ONLY...
WITH THE INTRODUCTION OF REM, A LEVEL-PLAYING FIELD HAS BEEN CREATED WHEREIN FLY-BY-NIGH OPERATORS HAVE EXITED THE BUILDING LEAVING BEHIND ONLY GENUINE AND AUTHENTIC DEVELOPERS. HENCE, BUYERS COULD BE ASSURED OF A SAFE PURCHASE.
THANE YOUTH WING AND PARTNER, ACE GROUP
EMI V/S RENT
THE INHERENT QUALITY OF REAL ESTATE HAS ALWAYS BEEN THE SENSE OF OWNERSHIP THAT ONE DERIVES. AS AVERSE TO POPULAR BELIEF THAT RENTING IS A BETTER OPTION, OWNING A HOME ALWAYS HAS MORE ADVANTAGES, AS IT COMES WITH A LOT OF MONETARY RETURNS, A SENSE OF PRIDE AND ABOVE ALL YOU HAVE A LIFE-TIME ASSET THAT YOU CAN CALL YOUR OWN. IT IS ALWAYS ADVISABLE TO PAY EMIs AS OPPOSED TO RENT.
COMMITTEE MEMBER, CREDAI-MCHI
THANE YOUTH WING AND ARCHITECT - LIASONING, PLANNING & CO-ORDINATION, DOSTI GROUP
Residential Projects in Thane Contact Ace Constructions sales office