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 litigation's,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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