In the current times in 2020 there are many ways of investment like traditional way Gold, FDs to modern ways like mutual and equity funds. Investment in Real Estate has proven best across the time.
In the current times in 2020 there are many ways of investment like traditional way Gold, FDs to modern ways like mutual and equity funds. Investment in Real Estate has proven best across the time. If Billionaire Andrew Carnegie ‘s saying is to be listen that “90% of millionaires got their wealth by investing in real estate”, real estate has become first choice of investors over the time.
Global economy‘s recession also made impact on Indian Economy too. Forecast for GDP was 7-7.5 for this year but has slipped down to 6 percent. So we are facing a slowdown rather than a recession as our growth fundamentals are intact.
As real estate was more unorganized sector, it was difficult to regulate it. Indian government has introduced new policies like RERA, GST which will help to regulate policies. Also Housing for all, Smart city projects boosts the investors to invest.
Tier -2and Tier-3 cities are fast growing cities which forcing investors to invest. These cities have affordable lifestyle as compared to Tier -1 cities.
Buying home requires lot of money. Taking home loan is best and common way solution to make financial side strong while purchasing new home. Many banks have cut down their home loan interest rates with marginal ratio. So affordable EMIs and easy banking procedures will give boost to real estate sector. Small finance banks also attracting consumers by giving various schemes.
As we are facing slow down and layoffs in work industries, everyone has to seek fixed income so that day today life will not get affected. If you invest in housing, you will get a steady income through rent. “People will always need a place to live”. So letting house on rent is pretty and assured way of earning. What people seek while investing in real estate? Simple answer is location of project, infrastructure development, educational and health, connectivity. Let’s take example of Kanpur city, Kanpur has evolving metro city in coming years. Well connected through national highways, educational institutes like IIT, UIETand city of industry these factors force property builders in Kanpur to build more and more affordable to luxuries range of properties. Many real estate companies in Kanpur have seen growth in their business in recent years as demand for houses increases. Property investment in Kanpur has reached to its record time peak as all above factors are really working; many banks are giving easy finance scheme, lower interest rates so people are eager to invest in properties. As new property projects in Kanpur provide modern amenities like Gum, swimming pool, security many developers in Kanpur are embedding these facilities in their housing projects.