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Showing posts with label property rates. Show all posts
Showing posts with label property rates. Show all posts

Wednesday, July 28, 2010

Delhi- most popular destination for the purchase of flats

Buying a real estate property for yourself, and for your family is one of the most important decision of life. The property can be a house, shop, land, or an investment, in one of the posh malls of the city. But, among all this, home is the place, which tops our purchase list. A house is the place, where we tend to spend most memorable moments of our life, which are cherished by us for the entire life. There are different factors, which we consider before the purchase of the land, such as location, hygiene, development, surroundings, price, etc. Out of all these, price or cost of the land is the most important factor, which enables us to actually purchase the property. It is but obvious, unless and until, your pocket will allow, you would not able to purchase a property.

So, the main thing is to locate a property, which is in your budget and also satisfies the above mentioned conditions. We all know, the property rates have been touching heights these days. It’s getting tougher for the common man, to buy a property for himself. Now here comes a good news for the citizens, as according to a survey, Delhi is the most popular destination, when it comes to buying a flat. It means the property rates in Delhi, are far cheaper and accessible than properties in many other cities. The survey also reveals that more of end users can be seen buying properties in the city, out of which most of them buys it for their personal use, followed by the people, who purchase houses or flats as long term investments.

It means Delhi is far economical from cities like Bangalore and Hyderabad, who lags behind the list, of the city, in which most flats are sold. This might also be because of the huge developments occurring in the city and it becoming as the favourite destination for people in almost all sectors of work.

Monday, June 14, 2010

Increasing prices of houses

The property rates are seen going high day by day. The prices of the housing properties are actually touching heights and its becoming tough for the buyers to fetch a house for them and their family. Buying a house in cities like Delhi or Mumbai has become almost impossible, with the prices of the properties there, touching heights. This can be seen as a positive sign because of the increasing prices is a resultant of the increasing demand of the housing property in these areas. This is the profit making time for the people involved in the business of real estate. But, if we see from the buyer’s point of view, he has to pay extra money to the dealer, due to the excess demand.

The space is limited, but the number of people, wanting to reside in that space is increasing. Many factors like migration due to job, education, livelihood, can be held responsible for the increase in demand of the housing property in certain areas. Area is a problem and this needs to be sorted out by the government, municipality division and the property developers. This is entirely their responsibility that every citizen of the country gets proper space to live. The upper strata of the society definitely get a posh space to live, by paying more for the same space. But in case of the people will low salary packages, they are left with no option other than to set up slum areas, which are tagged as illegal by the government and then deconstructed.

In all this the common man has to suffer. Every business needs to flourish, so does real estate also, but not at the cost of the common man’s sacrifices. Equal attention needs to be given to both the sides, so that no one has grudges against the other. The government needs to come out with some property designs, which are comfortable and in the reach of the common man, making each individual a proud owner of his house.

Wednesday, May 5, 2010

Introduction

Hello All!

We daily come across so many news stories related to the purchase of house, the property rates, the ups and downs in the real estate sector, which directly or indirectly affects the common man of the country. For some, the rise in the property rates is good news, but for the buyers, it’s a bad news, the parameters of happiness and sadness, keeps on varying. But at the end of the day, whatever changes happens in the real estate sector of the country does affect us, so to keep a watch on the real estate sector of India, and discuss about its varying factors, me (Gurleen Kaur) and my friend Deepika are starting a blog on the real estate industry.

To make the blog more informative and interactive, please keep posting your comments and suggestions.