Making an important decision
about property depends on various things so if you are planning to owe a
property make sure you go through all important considerations. According to
many experts in real estate field this probably is the best time to invest in
this sector. Many individuals are still confused whether they should invest in
the property or not. Considering all the aspects which includes inflation,
economic slowdown and interest rates the overall sentiment running among the
consumers mind is negative. However, at the same time one should also consider the
continuous increase in the property market.
It’s a fact that properties in metropolitan
cities are quite expensive as compared to other regions of the country. The
highly increasing property rates in Delhi has significantly changed the
scenario of property market of places that are situated closed to Delhi. For
instance, property in Sonipat has
significantly witnessed a positive impact just because of the fact that Sonipat
is in the outskirts of Delhi.
However, at any given time, the
suggestion of investing in real estate could be a matter of long term
investment. As an individual, if you decide to invest in the property you
should look at various factors that might hinder the value of any given
property. Now, with the year ending you may probably get some good property
deals. The interference of developers and builders in property market is
another reason why the property prices are fluctuating rapidly.
Taking every point in mind many
experts have predicted the cost of properties is expected to be increase in the
coming time due to new proposed regulation in real estate like Land Acquisition
Bill and Real Estate Regulatory Bill. Simultaneously the cost of other building
materials like iron, steel and cement are also increasing. Customers who are
planning to buy new property and land should not wait for the time as in future
they might have to pay additional costs for the same property.
There is no harm in investing
your hard earned money in land and property as the future of real estate is
bright according to many industry experts. In other words, any asset owned by
you can be considered as your fixed asset which may help you in many ways such
as you can use it as a mortgage in taking out a loan. For sure, benefits are
countless when you decide to invest your money in real estate.
The writer of this article is Rajesh
Kumar. He is a seasoned journalist and has roamed about nook and corner of
India. He wrote this article on Property
in Sonepat region and its changing dynamics.