With the massive landslide win of BJP -led NDA headed by Modi in 2014 Lok Sabha Election, there is a sense of positivity in the buyer community. Other than the financial issues, Lok Sabha election result was the main reason behind delaying property investment by the buyers.  For the first time saffron party has crossed the 300-seat mark without any support.

It is believed that the real estate industry and buyers are equally positive about changes such as policy changes and relaxation in monetary reforms. During the election campaigning, BJP had assured to set up 100 smart cities throughout the country. Thus, buyers are expecting from the new government to revive existing real estate policies and the coming next six months are going to be the perfect time for investing in real estate.

With the huge rally in equity market, the Sensex gained over 1,300 points above 25,000. The Nifty was also up by over 400 points and is trading above 7,500. With the wave of positive change the top gainers in Stocks are DLF, Oberoi Realty, Prestige Estates, Godrej Properties and Sobha Developers. Each one of them jumped 3-9 percent on hopes of getting more projects through the new government.

Creation of a new government is exactly what the Indian economy and the real estate sector wants at this time. While investors look optimistic, end users seem to be waiting that home loan interest rates will come down easing their pockets. However, it will take some time for us to witness any improvement at three months from the formation of government.

Even though you have been investing in properties for some time now, but if you don’t be alert and attentive then you might ruin your investment. So never get mislead by a real estate agent while buying a really valuable asset.

You should always keep in mind that real estate agents are here to do business, refrain from following their suggestions blindly. Don’t let your enthusiasm of purchasing a luxurious new apartment stuck you between huge claims and false promises. So, the next time if your real estate agent tries to lure you with his promises of getting you a cozy apartment, you need to be attentive that he might just be making stories.

 While investing in a posh locality always keep your ears up for hearing the following things from your real estate agent very often:

• You have the best the ocean view!

No doubt, owning a luxury apartment with an ocean view is itself a dream for everyone. However, not all agents can make it possible for you, it does not matter how much promising their approach is. Now-a-days all the estate agents try to provide you fascinating information such as “this apartment comes with an ocean view”.

But they always hide the facts and the obstructions from you. So even after paying the full amount, you end up getting an ocean view apartment obscured by a large number of tall buildings and trees.

• A spacious garage for accommodating 2 cars at a time!

Who does not want to own a car garage that is huge enough to hold at least 2 cars at the same time? So this is also one of the most common promises you will get from your estate agent. Though you might get huge garage, but it will either have storage regions or dryers installed in them which make the garage not big enough for holding 2 cars at a time!

• You’ll always get a good resale value for your property!

You should never fall for the statement given by your agents regarding the resale value of your property being invested. Since nobody can predict behavior of the market so it is not in anybody’s hand to decide upon the future resale values of properties and hence, you should invest your money wisely once you are aware of your requirements well.

• This is one of the best localities!

This is a very common untruth that you get to hear from your agent every now and then. You cannot just categorize a locality to be the best or worst one in an area. There are a numerous factors need to be considered while determining a property’s value. Every agent will praise a lot about how the near-by area of the property will develop in no time.

• Not much apartments are left, hurry!

Your agent might try you to hurry up for buying the apartment of his choice by giving lame reasons like “there is not much time left as only last few apartments are available”. You should never lose your calm at that time and end up investing in a wrong property; instead you should try to find out the reasons behind agent begin so pushy about selling the property. Even if they are offering you the most reasonable rates for the apartment, you should be cautious and not fall for the trap.