Real estate has always been a lucrative industry in India. Most Indians have a lifelong affinity to land and gold. This is part of our cultural tradition. Hence, people have always attached a lot of importance to the property since time immemorial.
The fact is further enhanced by the reduction in interest rate levels being given to savings account holders in modern times. This has led to many people young and old investing in property that has more scope of appreciation.
Even so, there are some changing trends that are being witnessed in current times. This is because there have been many new builders and developers in the market. They are changing the way the real estate industry is taking shape in India.
Still, most people prefer to go for good and well-recognized brands when it comes to buying property. They would not like to put all their eggs in a basket that they don’t have adequate confidence in.
Oswal Group is one of the best builders and developers in current times. They have started their new project Orchard 126 in B.T. Road, Kolkata. This project includes airy and spacious 2 BHK and 3 BHK apartments. This project is truly exemplary with world-class amenities.
This article discusses the evolving investment patterns in real estate that have happened in recent times. Here we give you knowhow of what factors are shaping the change that is taking place in this lucrative domain.
Read on to find out more about how you can attune yourself to these changing investment patterns that are affecting real estate by and large.
Residential Properties Are In Demand
The most important thing that you need to keep in mind is that the Indian economy is booming. In fact, many American economists have noted that India is a bright spot in the global economy. Hence, the rise of the economy translates into high salaries for most people in India.
This makes most people more prosperous than they were before. It also helps others to come out of the poverty line. All in all, these facts indicate the people have more disposable income than they used to have a decade ago.
Naturally, higher salaries have higher savings and these newly affluent people will definitely want to buy a new house for themselves. This translates into higher demand for residential properties. People also have smaller families now than they had fifty years ago.
So they would most likely live in a flat. Hence, all the above factors clearly indicate that the real estate market in India will definitely grow by leaps and bounds in the coming years. This definitely augurs well for all the new builders and developers who have recently put up shop in this field.
Golden Time For Long-Term Investors
The current times are a golden period for long-term investors. This is because the prices of real estate haven’t raised that much in the past decade. This is true when compared with the general rise in salaries of the people. This shows that the net benefit that people will accrue will be much greater than their investment.
Chances are that the prices of these flats on sale today will rise manifold within the next ten years. This will make the owners of these flats millionaires in a short span of time. Hence, this is the golden time to invest in these flats when they are more affordable at present.
Delaying the investment in current times will be a loss as the prices of these projects will rise substantially in the coming years. This will make them out of reach of most of the people who can afford them now.
Hence, it makes sense to strike when the iron is hot. Not doing so is akin to losing a golden opportunity. It always helps to do the right thing at the right time and Kolkata is definitely the right place where all these rules apply.
This is because Kolkata had very low property rates earlier. However, real estate rates have risen in recent times especially since 2010. Chances are that it will rise even higher by 2025. Hence, people who invest now are going to hold gold in their hands making their properties nothing less than a worthy treasure.
Renting Is Also Good Now
Some investors in real estate never aim to stay in their houses at all. They see it only as an investment option and will place these houses on rent immediately once they get possession of their flats. There are big dividends too for such people as it will give them a higher rent than what they would have got earlier.
This amply proves the fact that whatever be your eventual aim, the trends certainly indicate that investing in real estate will definitely be most profitable at this point in time. The only thing is that there is a lack of awareness of these hard facts and hence, you should not delay any further.
As mentioned before, there has been a rise in the number of builders and developers who have recently joined the market. This has led to cut-throat competition among them. In fact, the competition is so severe that smaller developers have already declared themselves insolvent as they have not been able to keep up with market trends.
Hence, this shows that it is important to look for only highly reputed builders and developers who will not sink down suddenly like the newer ones. After all, you are either putting your lifetime earnings to this house or you are doing it with a business purpose. So why shouldn’t you be extra careful while conducting this home search?
Highly branded builders and developers have started giving customized solutions to their buyers to cut out the competition. This has come in the form of various discounts and freebies with the intention of attracting customers to their projects.
The number of facilities like swimming pools, gyms, Jacuzzi and restaurants in residential buildings has also enhanced the sales pitch of these builders and developers. All this will certainly go a long way in boosting the sales of branded developers.
So just follow the evolving investment patterns in real estate and make the right decision for your dream home!