Real estate in India is in high
demand as the number of inhabitants in India is expanding rapidly. There is a
great demand for the properties particularly for the residential property. The
commercial property is in less demand as compared to the residential property.
The rate of the residential property is growing day by day and one can see a
property value variance each day.
The property rates are not just
growing in the prime areas of India but also in other locations as well due to
high demand. Salaried people and even the people having low earnings have begun
moving from their towns or urban communities. They are migrating themselves in
different places far from the prime locations on account of these high rates of
properties. Being familiar with this enormous demand in the property market,
property developers are likewise demanding high prices for exceptional projects
at prime locations with modern features and high-tech specifications.
The realty market is extremely
vibrant and all experts identified with this industry particularly the property
dealers are utilizing this chance to get profit by offering builder units. They
apply different promoting systems like publishing advertisements in news
papers, property sites, showcasing through hoardings, campaign and much more.
Among the aforementioned techniques advertisement through digital web sites are
in great demand because of their expense viability and high reach.
Indian real estate has huge potential
in almost every sector particularly residential, commercial, retail,
industrial, healthcare, hospitality etc. However, the main developments in this
sector in India are primarily the townships, residential units, offices,
shopping malls, commercial complexes and retail stores.
The high demand of property has
come on account of increase in purchasing power, favorable demographics
conditions, existence of customer-friendly banks & financial institutions,
professionalism in this sector and favorable reforms initiated by the
government to attract international investors.
Investment in real estate in
India is basically a long term investment providing low liquidity to an
investor. Investors can opt for renting out their property to get consistency
in returns. With this the burden of EMIs of loan taken for a property can also
be reduced.
There are a number of banks and
financial institutions who provide loans to the builders. For example, HDFC,
Kotak Mahindra and ICICI Bank provide the finances to the developers and
builders for development and construction of properties.
Investment by the NRIs in real
estate market in India is also on the rise. Recession have minor impact on the
realty sector in India. Therefore, this sector has been giving more and more
investment opportunities for both domestic as well as foreign investors. The
investment in realty sector in India is tremendously a beneficial endeavor, as
the returns for the investors have almost doubled or have gained full profits
particularly in the residential property sector.