The last decade was a dream run
in the Real estate market in India. The growth of real estate in every major
city is overwhelming and I am very sure everyone shall agree that it was not
anticipated. Investing in real estate
has been a growing trend and no amount of inflation seems not to be bothering
the unbelievable high prices quoted by the current real estate market.
Real estate is the clear favorite
investment option next to gold, term deposits and insurance. On an average
there has been a steep rise in the real estate price by 40% and is still
growing. Hence making it the best option for investing and seeing your money
grow. The Indian real estate market can easily give investors a cool 200%
return in the next five to six years if one invests in the right kind of
property. Indian real estate markets
have rewritten history in places like Bangalore, Gurgaon, Noida, Pune, Delhi,
Hyderabad, Mysore, Kolkatta, Nagpur and much more. The tier two Indian cities
have benefitted immensely in the real estate boom. Metropolitan cities like
Mumbai, Chennai, New Delhi and Kolkatta always have been real estate favorites
and have experienced some great projects and never before prices yet the
stealer of the show have been defined tier two Indian cities where the growth
was unimaginable and overwhelming. NRI’s
constantly look out for investment options
in India be it gold or any other commodity however the best NRI real estate
investment in India has been in places like Mumbai, Pune, Bangalore, Noida and Gurgoan.
The demand of real estate has
also resulted in great supply. Many small time builders ventured into the real
estate market to make a quick buck but unfortunately not all were successful.
As real estate is a buyer’s market and buyers are extremely wise before
investing in any real estate project hence project that does not come with the
right amenities, good location with schools and market are completely ruled out
from buying. It would not be wrong to say that real estate is one industry with
cut throat competition and competition doesn’t seem to breathe easy in the near
future. However the quality of the project and timely delivery matters
immensely for making a mark in the real estate market.
The real estate boom has
tremendously blessed the poor and unfortunate who only had a piece of land or
an old house to live with at a lucrative location. With the boom, real estate
developers bought a number of properties from these property owners as their
locations had great potential for commercial and residential value. This has given an opportunity for the land
owners to make their life comfortable with some extra cash flowing through
these land deals. Most real estate developers offer a flat as well as cash
remunerations making a great difference to their livelihood.
The real estate revolution has
brought out the best from developers and not made cities just a concrete
jungle. So no one is complaining, though you are paying an exorbitant amount
for a property but you are sure to get a spacious space with the right amenities
at a good location. So keep your eyes and ears open to spot the right property
for growing your hard earned money.
About author: - Ravi Chauhan
writes on behalf Indian real estate, if you are planning to buy best and
affordable property in Noida region so I suggest you to buy Ace
Golfshire and Lotus Sports City.
