Real estate in India is the industry where people have been investing from decades. If we talk about market size it is expected that till 2040, the real estate market will grow upto Rs 65,000 Crores. This sector will contribute 13% to the countries GDP by 2025. Isn’t it amazing? If you are searching for an investment then you should invest in Real estate. Most of the Indians from their ancestors have believed that their is nothing great than investing in Real estate. From 2017-2028 it has increased by 19.5% CAGR. It has been witnessed rapid growth in recent times and will increase in upcoming time as expected. Many good initiates have also been taken by Indian government like Atmanirbhar Bharat which includes relief in terms of income tax to primary buyers as well as developers for sale of resident. Initiatives like this by government of India have helped people to get their first home and also indicates government is participating actively in lives of citizens. Once a billionaire has rightly said that 90% of millionaires got their wealth by just investing in real estate.
Now talking about strategies, according to experts having a strategy helps you to make a good investment. The main objective of investing is to get profit. If you look around you will find 2 types of thinking which commonly exist about investing. First, people who buy properties for themselves i.e for their end-use, and secondly, to rent their property or for resale in future for better profits. Here’s an advice for you. If you are buying for yourselves then buy in a place where you get all the amenities. And if not then buy in a cheaper place and rent it when in future it get good value resale it.
Is real estate in India is still profitable? according to experts investing in India is still profitable and NRI’s are investing more and more than natives according to a survey. Bangalore is the first in the list where NRI’s have invested the most and followed by Pune, Mumbai, Chennai, etc. As employment opportunities are increasing in India people are more in investing because of an increase in their income rate there is also a big increase in purchasing small flats with good amenities offered by developers, especially in Smart cities. If you are thinking of investing in real estate then this is the best time to invest in. Investing is an add-up to your income source and also to convert your liquid cash into potential investment.
Why is real estate in India booming? The real estate market is perhaps, one of the fastest-growing in the world owing to a constant demand for better residential, commercial, as well as hospitality spaces. As India is a developing country and many of the developers are trying to bring innovative ideas which save people’s time and they are also loving the offer given by them. And properties in India are giving a good resale value the real truth lies here. India as a developing country is heading and is winning in the fields and technology, giving better lifestyle, good education system and is also many more things. Also, India is respected as a trusted country in terms of trading through which people are more into investing in India. In the past few decades improvement in the economic scenario has resulted from profit for many investments and in the future also it will be resulting in a profit. And also buying a house is emotional and people choose a country like India where they known how tradition works over there. Residential is expected to grow more and more in the future because people are migrating in a large number to cities. Cities have grown a lot and because of good employment opportunities, people are more into investing in real estate. In the last few years, co-ed office space has gained impressive traction in most cities with IT/ITeS players contributing to most of the demand.
In end, words investing in India is a great idea and you should go ahead and make a profitable decision. The value of money will not increase until you invest it in the right manner. Having multiple sources of income in this generation is so very important and don’t be a fool by not investing in India. You have to take so risky decision in order to make a profit in the future, as said ‘risk hai toh Ishq hai’.