Real estate is considered as the top economy generator sector after agriculture in India. Real estate is the safest investment in India. It is well said that once you invest in property it will give you good returns. To answer your query “Is real estate a good investment in India?” Yes, I have provided a few reasons to support this statement.Real Estate market in India has the potential to grow:
According to Indian Brand Equity Foundation in 2019 the real estate market has grown from Rs 12,000 cr to 65,000 cr within a year.
The housing sales reached 2.61 lakh units in 2019 across seven major cities.
These are the data of 2019 to give you the gist of real estate market growth in India.
Benefits of investing in land or a plot:Many people often seem confused and ask “Is buying land a good investment in India?” I would say buying land is always a great investment option. As the country is developing at the rapid scale, land is getting used up to provide for infrastructural developments and housing needs of the growing population. So Land as a resource is scarce and it’s value is bound to grow with time. Thus, if you are planning to invest in land, you need to do some due-diligence first, ensure the land is legal, and the location is good. Then you can just sit back and relax and within no time your land value would have grown many folds. My father bought a piece of plot for Rs. 60,000 in the early nineties. The land value had grown by 100 times in 20 years, which he then sold for my US education, for which I’ll be forever grateful and indebted. Is it good to invest in real estate now in India in 2021The real Currently there are many investment options in the market taking an example of Aerospace Bangalore, Greater Noida, Thane, Panvel these are some best locations where you can consider investing your money in 2021. Because currently the market rates are quite affordable and a few years down the line the property rates are expected to shoot up. If you invest now you can enjoy the high returns in future.So, the answer to your statement, “Is real estate a good investment in India”, is yes!
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Is real estate a good investment in India?
Mehul Bhardwaj
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May 15, 2021
2021-05-15T19:46:44+00:00 2021-05-15T20:11:16+00:00Comment
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