Realty- Is it the right time to get in?

Realty prices seem to have started moving up once again and it looks like the next few months are the right time to get in as an investment avenue if you have not done it yet.

Across most of the metroes there have been reports that prices are on the way up by around 10-15%. In the smaller towns prices have not yet picked and are not expected to pick up anytime soon.-- but hey if you want a house in a tier II city to stay-- this is great time to get in

A lot of new projects have been launched recently and I am finding that these projects are being lapped up very fast and in a few weeks there are no more flats available for purchase ( one such example where I was interested in was an amrapalli project in Noida).

Another thing that one can "see" is that some of the older projects where worked had stopped for some time are now in the process of giving possessions to their clients which means that cash flow problems and overstretched financials are slowly improving.

Interest rates are also on the way up-- the 8% scheme from SBI is valid only till the end of april and RBI has asked banks not to go in for any special schemes to drive home loans. So if you want to lock in your interest rates for the next couple of yrs-- this is the time to do so.

Happy Investing.