Indian Real Estate is Emerging and Attracting Investors

Makaan.com

India’s reputation today is no more limited as a retail and manufacturing hub but has also emerged to be a major player in the real estate market. The increasing urbanisation, rising incomes of the people and favourable demographics are some of the factors that has made it a hot investment destination. Infrastructural development is also one of the prime factors that influence the price rise of properties.

According to reports, although the Indian real estate industry has been volatile since the year 2008 because of the     global financial meltdown but over the years it reached new heights characterised by growth in demand with the infrastructure activities.

With the improvement of global economy, the prospects of Indian real estate market also showed positive signs. The residential segment witnessed a rise in the sales as it was fundamentally driven by rising incomes of individuals, infrastructure and urbanisation. Residential properties especially that are well connected to IT offices, malls and Special Economic Zones are in high demand as they cut down the time and energy wasted while commuting to work stations. Cities such as Gurgaon, Delhi, Noida, Hyderabad and Bangalore are some of the best examples of residential development.

The growth and expansion of this segment continued with the demand for luxury and lavish living lifestyle along with social infrastructure.

But the demand for small and good quality houses surpassed the demand for luxury housing units because of the affordability. Urban working class sees such residential units as a major investment option that would give good returns in long term.

To woo home buyers, developers are coming up with 1/2 BHK housing units with various attractive offers and schemes such as easy finance scheme, no processing fee and house insurance.

But home buyers realize that buying a property for investment purpose is a crucial decision and so instead of approaching real estate agents are turning to real estate websites. Taking the help of the property portals home buyers collate information pertaining to plots, apartments, villas, pent house and studios available for rent/lease/sale. They are trying to get the correct insights in regards of the rate of interest, price rise, right time to purchase and other significant decisions that would play a role in making the valuable purchase decisions. A good property website acts as an assistant by providing relevant information.

Because of the rising value and good returns from the properties, investors from overseas are trying to enter the real estate market of India.