After economic recovery, the days now appear to be favorable
for capital investments like investment on property buying. The developers who have
invested huge sums are likely to offer the developed properties to the prospective
buyers, providing all possible facilities. The competition among the developers
will be quite beneficial to some extent to the customers who have been waiting
for investing funds in real estate.
As on today, it is said, a large number of fully
developed properties are available for disposal in the property market. It
seems to be true if we go through the advertisements appearing in newspapers,
magazines, hoardings, TV Channels etc. relating to property market. Apart from
media publicity, if one takes a stroll in the city, one would find 'to let', 'flats available on rent' etc. on newly built residential spaces, as well as on ready commercial
buildings. Some developers are offering sites of various dimensions, ready
villas, flats in apartment buildings all around the city outskirts, with all possible
concessions. However, it is not known for certain as to how many flats and
commercial units are vacant as of now as there is no agency to collect such
information. But one thing seems to be true is that a large number of flats and
commercial units are vacant and available for immediate occupation.
With the availability of large number of ready units both
in residential and commercial segments, there is a good amount of competition, resulting
in offering concessions and benefits to the prospective buyers. The benefits
like club houses, swimming pools, gardens, schools, shopping complex, markets,
play grounds, Tennis, Badminton courts etc., are commonly advertised by most of
the property developers depending on the size of the project developed by them.
Another aspect commonly noticed is that the property developers are now indicating the various approvals obtained from the concerned
authorities. In addition the customers are helped to obtain financial
assistance from various banks and financial institutions. The developers are
showcasing their projects through Property Melas organized by various agencies
and their own associations at regular intervals. All these actions help the buyers
to choose the property for investment.
It is a known fact that of all the investment options,
the best is real estate for investment for the simple reason that the property
market will not go downside because the demand position is ever increasing.Also
the property value always gets appreciated over a period of time.So far as
residential units are concerned, there would never be any downtrend in property
values. Appreciation in value is phenomenal.
Why there is no downtrend in values of properties? There
may be a dull period some times in property market but that is only for a short
period, when people do not come forward
to buy property in the view of rising prices of construction materials, labor
wages, consequently increase in the cost of the projects etc. The project cost goes up for various reasons and sometimes due to litigations. This however does not
affect the property market except that there will be some delay in sale or
purchase for a brief period. In such an event the prices remain static but will
not go down. During such period developers will not sell their products below their
cost price level as they cannot afford to suffer any losses.
After such brief they for certain know that the market
will open upwards, from where it was stalled. With no supply during such lull
period the demand for accommodation keep up moving upward and the market when
reopens, the supply position gets a boost. The property developers naturally
stand to benefit once the market resumes with upward trend. As for buyers the
present situation seems to be quite favorable as the market is showing upward
trend and the developers are interested in disposing of their products with
various concessions and benefits and assistance for securing financial assistance from banks and financial institutions.
Investment in property whether a flat, a bungalow / villa
or a site is best for a simple reason that the value will always be
appreciating and the demand for such properties will always exist. However the
buyer has to take care, verify all the details about the property like it being free from litigations, the price offered and various necessary approvals etc. before
finalizing the buy since buying the property is a onetime deal in life time for
an average buyer.
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