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FAQ: Is buying better than renting a property? - Property Hotline
Posted
May 31, 2016
Views
47
May 31, 2016
47
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3:33Now PlayingExpert: Shoed Sayid, CEO (property advisory), Motilal Oswal
Q: Is it better to rent a house instead of buying one? Should I wait for 1-2 years to see price corrections? Should I invest in projects nearing completion instead of a pre- launch option? This is for the NCR region.
Answer: This is the right time to buy end use property as the market is expected to grow 5-6%. Buy a ready to move in property as the dealers are ready to negotiate and listen to the quarries. It is advised that before buying any property, take insurance that the approval has been provided. The market is growing and there are no corrections which can be expected. If you are looking for self-use, it is advisable that you buy a house instead of renting one.
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