Investment in Property is A Better Choice
Apr 18, 2017 Real Estate News
The great Indian dream of owning a house hasn’t gone down a bit in past years. It has remained vested to the fact that people who are end-users buy the property as an investment and to get better returns in future. Lately, this has increased.
One of the major factors that has contributed to the increase in interest of buyers investing in property are the decrease in property prices. In past few years, the prices in major 1 tier cities like Mumbai, Delhi, Pune have gone down, encouraging the buyer to buy them. Earlier, because of the high property prices, people hesitated in buying the property causing the real estate market to bottom down. The developers and sellers had no choice but to reduce the quoted price of the properties, hence reviving the real estate market.
Real estate market in India is driven by end-user demand that is, the investor will only invest in the project if he perceives that there will be buyers. This is the sharp contrast to the real estate market speculators, who speculate the demand purely based on the opinion and not the actual facts of the market reality. This also has reduced drastically lately.
Affordable housing segment has made way to the real estate market of the country. In the cities where even the reduced prices have failed to encourage buyers to buy the property, developers are offering value added facilities to attract customers. And it is likely that the offers will stay round the year and not just the festive season.
What kind of homes are the best property investments?
Identifying the best user demand today includes two things- where the end-user demand is coming from and what is the kind of properties in demand. Affordable homes are the safest bet now. The fact, that there are a lot of far-flung properties in emerging locations that have no home takers because of faulty construction or land title issues etc.
The value of location, developer brand and the availability of basic amenities have become the forefront of the purchase. Most of the buyers today are the working professional and young couples who are looking to buy the small and affordable property. Fully and semi furnished flats are in demand now and they make a good rental option as well.
Buyers today have become more vigilant and are equally invested in the location, reputation of the builder, construction quality. Hidden costs are all out. People are more interested in the quality at moderate prices.
End-users are mostly invested in buying the property in the city they reside in or will relocate to. Investor, however, looks for the locations that are much more likely to give better returns.
One of the major factors that has contributed to the increase in interest of buyers investing in property are the decrease in property prices. In past few years, the prices in major 1 tier cities like Mumbai, Delhi, Pune have gone down, encouraging the buyer to buy them. Earlier, because of the high property prices, people hesitated in buying the property causing the real estate market to bottom down. The developers and sellers had no choice but to reduce the quoted price of the properties, hence reviving the real estate market.
Real estate market in India is driven by end-user demand that is, the investor will only invest in the project if he perceives that there will be buyers. This is the sharp contrast to the real estate market speculators, who speculate the demand purely based on the opinion and not the actual facts of the market reality. This also has reduced drastically lately.
Affordable housing segment has made way to the real estate market of the country. In the cities where even the reduced prices have failed to encourage buyers to buy the property, developers are offering value added facilities to attract customers. And it is likely that the offers will stay round the year and not just the festive season.
What kind of homes are the best property investments?
Identifying the best user demand today includes two things- where the end-user demand is coming from and what is the kind of properties in demand. Affordable homes are the safest bet now. The fact, that there are a lot of far-flung properties in emerging locations that have no home takers because of faulty construction or land title issues etc.
The value of location, developer brand and the availability of basic amenities have become the forefront of the purchase. Most of the buyers today are the working professional and young couples who are looking to buy the small and affordable property. Fully and semi furnished flats are in demand now and they make a good rental option as well.
Buyers today have become more vigilant and are equally invested in the location, reputation of the builder, construction quality. Hidden costs are all out. People are more interested in the quality at moderate prices.
End-users are mostly invested in buying the property in the city they reside in or will relocate to. Investor, however, looks for the locations that are much more likely to give better returns.
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