Gaur Siddhartham Real Estate Properties Ghaziabad

Budget is considered to be one of the biggest moves by any central government in a long time. The government might have had greater long term goals in mind with this move but most of the industries in India have suffered big time losses since the announcement. For the real estate industry in India which was already struggling due to sluggish sales in the market since past few years, banning of higher currency notes was the biggest blow. In the last quarter ending December 2024 the sales of properties in the top eight cities in the country namely Noida, Delhi NCR, Ghaziabad, Greater Noida, Delhi, Gurugram, Faridabad and Yamuna expressway have witnessed an estimated fall of 44%. There were hardly any new launches in top eight cities and market experts have reported a 61% year-on-year fall. Gaur City 2 Noida Extension / Gaur Siddhartham Resale / Gaur City Resale Price / Gaur Aero Mall Resale

Gaur Siddhartham apartments, The estimated revenue loss the real estate industry has incurred is around INR crores. Decreased sales due to Budget is the prime reason for this loss. Even though this loss can be recovered if the market outperforms in the next few financial quarters but it looks unlikely. It has not only affected property sales but also revenue of state government authorities. Post Budget officials in UP projected an expected ranging between INR crore for the current fiscal due to less collections from commercial tax, sales tax etc. If we consider real estate alone then the revenue target of the department in UP for the current fiscal from the stamp duty and registration charges was INR crores. The department is finding it difficult to reach their target as property registrations were completely stalled for few months post November.

The loss accounted by respective state governments due to fewer sales of properties in Gaur Siddhartham apartments Ghaziabad, Noida and Delhi NCR due to reduced property registration and stamp duty. The government's move practically bought the whole real estate market on a sand still for few months as the industry functions majorly on cash transactions. Cash component for resale properties was as high as 40% in major cities and even higher for land transactions. Recently there was a ban put on cash transactions above INR 3 Lakhs. The impact of this ban is yet to be assessed but many experts have predicted price correction especially for resale properties.

But slowly things are improving and property seekers are back in the market and builders have reported enough queries from buyers. But since buyers are little sceptical and are hearing rumours like 30% price drop in the future they are taking time to decide. Hopefully these queries will turn into property transactions and the real estate in Gaur Siddhartham apartments Ghaziabad, Noida and other Indian cities would soon revive. Whatever be the future no one can deny the fact that this is a buyers' market for the real estate industry and serious buyers can negotiate hard and if they search they can get amazing deals for their dream home in Gaur Siddhartham.