The Future of the Indian Real Estate Market

In the current year, as predicted, the Indian realty market is definitely, scaling new heights. Though the same has been going through a lull some time back, 2013 has brought back the bang in the segment. Marketers even watch out for the new bills and acts like Real Estate Regulation and Land Acquisition Bills will be passed. Some even look forward with high expectations that the central bank, the Reserve Bank of India will also end up reducing the interest rates. Such expectations and if actions are taken, they are expected to not only boost the sentiments of the end-users. More importantly, since the present finance minister, P.Chidambaram has asked the real estate developers to sell off their unsold inventories at a lower rate; there has been a strong expectation that real estate trends are going to receive a shot in the arm. 

In terms of real estate investments, even that can be seen going up as properties are yielding good price in the near future. More and more real estate developers are thronging the realty market and apart from tier I metropolitan cities, even tier II cities are coming up in a great way in the Indian real estate market. With Foreign Direct Investment being initiated in the fields of retail and other related segments, the Indian realty market is bound to rise to newer heights. The already established metropolitan cities are expected to see a rise as well as other; listed tier II cities will rub shoulders against their Tier I counterparts. Since, the Indian realty market is currently offering high returns on investments; the future seems to be bright for the same.

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Are You Ready to Buy a House?

Buying a house is one of the crucial decisions for every real estate investor. Generally, what every property buyer considers at the time of purchasing a house is price. Budget is certainly an important factor at the time of buying a house, but the final decision must be taken after considering some other factors as well. Let’s take a look at the other important factors:

o   Location- You cannot buy a house in every couple of years. Hence, it becomes pivotal to buy a property in the location that meets the requirement of your family. Check if the residential apartment is in the proximity to schools, hospitals and market place.

o   Infrastructural facilities- After deciding on your preferred location, it is always advisable to check the infrastructural development in the location. The area should be well-connected to nearby locations.

o   Size of apartment/house- At the time of buying a house, it is fruitful to consider the size of your family. Hence, according 1/2/3 BHK apartment can be purchased.

o   Facilities and amenities-In current scenario, it has become important to have facilities like power backup, reserved car parking, security guard, continuous water supply, and lift. Hence, at the time of buying a flat in any residential apartment, these facilities should be checked.

o   Legal documents-This factor holds high importance at the time of buying any property. Checking legal documents of the property helps you to avoid any fraud deal. Check if the property is registered and any outstanding dues are paid by the property seller.

o   Property age-Considering how old the property is can help you to get an idea about the expenses you may need to make on renovation.

o   Hidden charges- To avoid any further expenses always confirm the hidden charges involved at the time of signing property contract.

o   Property survey- Always do online research about property rates and best property deals on online real estate portals. These websites are reliable source of getting all the required information about real estate.