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FULFILLING DREAMS SINCE 1993.
Land, since time immemorial, has been considered synonymous with power. The owners of the land were usually the ruling power and the landless lived a life of drudgery and turmoil. No wonder, when it comes to the acquisition of land, we have an inherent desire to own and bequeath the same.
In the present scenario where availability of loans has made it easier to own a property, real estate is considered to be an investment that would make millions in the years to come. Well, it may sound fabulous, but if the present market conditions are to be believed, investments in properties have earned insipid returns in the past few years. Then what makes the real estate market lucrative for the buyers?
99acres delves deep into it and brings to you the present fact along with a few other tips to help you gain the most out of your investments in the Indian property market.
Till few years back
Since the past many years, the real estate market in India has been going through a phase of massive change and therefore, investment in property may not be a good choice to make. In fact, many a times property is not really an investment. Given the fluctuations in the realty market, the anecdotal stories of how a property brought years ago is now worth crores, may not stand true at present. Deals are now being struck albeit at low prices and the investors still remain wary of their money in this erstwhile lucrative sector.
Subdued property prices, muted buyer sentiment and low return on investments are some of the major factors that have contributed to a temporary fall in the magnetism of the realty market.
However, following the implementation of Real Estate (Regulation and Development) Act [RERA] and Goods and Services Tax (GST), the industry has witnessed a sudden upsurge in the levels of delivery, accountability and transparency. Consequently, we presume that investing in the realty market can yield better returns in the time to come.
Here are a few tips to help you maximise your investment gains:
Income producing real estate is one of the few investments to have a meaningful value. In case you are a long-term investor, you need to analyse the market conditions on a regular basis along with the trends in the local market. Keeping a track on the pricing trends in the market will further help you to make a right decision and will ensure a positive appreciation in the overall returns.