Thane property broker Ashok Ambade reports a significant 10-20% drop in enquiries over the past six months, reflecting a cooling real estate market.
Thane PropertyReal EstateMarket CoolingEconomic StabilityBuyer SentimentReal EstateMar 17, 2025
The main factors contributing to the decline in inquiries include economic instability, job insecurity, and concerns about future income. These issues are making potential buyers more cautious about making large financial commitments.
Developers are responding by offering various incentives and promotions to stimulate demand, such as discounts and flexible payment options. Some are also focusing on completing projects faster to build trust with buyers.
The long-term prospects for Thane's property market are positive. Government infrastructure projects and economic stability are expected to boost the market, making it more attractive for buyers and investors.
Property brokers can adapt by staying closely connected with clients, providing up-to-date market information, and offering personalized advice. Building trust and maintaining transparency are key in the current market environment.
Experts advise potential homebuyers to stay informed about market trends and policy changes. It's important to be patient and make well-considered decisions. This is a good time to look for value and negotiate better deals.
The real estate sector pins hope on the Modi government for tax reliefs and sentiment boosters in the upcoming Union Budget 2024-25.
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