Abhisheck Lodha, director, Lodha Group, encourages home-buyers to make a purchase now After a rather stressful and challenging nine months, the real estate market is slowly beginning to shape up.u00a0 Developers have realised that they need to offer products at better values and not at exorbitant prices. <img alt="" src="/imagedata/2009/feb/owner.jpg" align="right" border="1" />Once they start doing so, the volume of sales will automatically go up.u00a0 I am not an astrologer to predict the real estate trends for the next six months, but I can say that the builders have started thinking rationally. Builders are now looking at selling good homes at good values, which is a bright sign for prospective home-buyers. After all, everyone desires to buy a good house. Investors too will start moving into the real estate market once the economic scenario starts improving. People are now only looking at putting their equity in good businesses. However, the worst is behind us. They should look at all the products available in the market and the values at which they are being offered. The prices have stabilised and home loan rates have come down, so there's no point in deferring purchases. Buyers should now buy and on a floating interest rate. Quality is of paramount importance in home buying. Buyers should also look at the developer's reputation, construction quality, amenities offered, ratheru00a0 than marketing gimmicks. Don't compromise on a few lakhs or thousands while buying a home as it determines the future of your family.

Abhisheck Lodha, director, Lodha Group, encourages home-buyers to make a purchase now

'The worst is behind us'

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