Real Estate Websites Foresee Good Times Ahead for Indian Real Estate

All experts agree the real estate sector is poised for growth. Real estate websites have been posting analysis continuously over the past few months that the countries realty sector is going to benefit hugely from greater transparency and customer friendly policies. Investor confidence will improve as builders have to abide by the norms of RERA making it far easier for buyers to trust builders. Rising income levels in the country will also benefit the countries real estate sector. 

A Time of Initial Public Offerings

Other reasons that property websites have been jubilantly cheering for the property sector in India is because of the IPO of a home improvement and building products company. The IPO of the company is an important sign that property in India is on the cusp of greater things. Many industry watchers see the IPO of the construction company as a sign of improved confidence in the countries real estate sector. The government is also disinvesting its share in one of its largest PSU’s by raising funds thru an initial share sale and this is another recent event that brings cheer and improves sentiment in Indian real estate.

Real estate in India has been suffering over the past 9 nine years, it hasn’t been the same since 2008 yet now finally things may be turning around, although say industry watchers not completely all the way around.

RERA is Just Around the Corner

The Real Estate Regulation and Development Act is just around the corner; it is expected to be introduced by the middle of this calendar year. What augurs well for buyers of real estate is that Indian courts have recently given judgements that have been favourable to those who purchased real estate, this has infused the real estate market with newfound confidence according to numerous real estate sites in India. In the future real estate buyers can be more certain to receive favourable treatment not only from court rulings but also due to a more amicable real estate regime that will favour buyers over builders.    

Other Reasons to be Upbeat

Income levels in India have risen faster than home prices which makes it easier for more households to purchase property in the country today. Property sites have also revealed that consumer sentiment towards real estate has also improved due to numerous sentiment building measures of which RERA is but one.

5 Reasons Why People Invest in Residential Projects in India

Commercial properties are usually bought for investment purpose and the major concern while buying them is a return on investment. People are more business minded and pay attention to the price of the property when buying office space or commercial space. But when it comes to buying residential projects in India, the sentiments change completely. Making a successful home buying decision is more dependent on emotional reasons than just money. Based on this difference of mindset, we have made a list of top five reasons that push people to invest in the best residential real estate in India. 

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Peace of mind: Living in a rented home cause a worry for people due to constant cash flow as rent. Fear of losing the job or not having money to pay rent makes their life stressful. To avoid such situations, people prefer to live in their own houses. It gives them a peace of mind and freedom from the tension of paying rent every month.

Life Aim: Owning a home is an aim for many people and they work hard to earn money to buy their dream home. They visit hundreds of real estate sites every day to find a home that fits into their budget and requirements. Having own home is a status symbol for these people and they feel pride while telling people that they live in their own home.

Lifestyle: Some people think beyond just of having own home. They want a home to improve their lifestyle and look for a lavish and amenities rich home in some posh area. These people invest in the top real estate projects in India to achieve their dream lifestyle. A residential project with private parking space, an in-house gymnasium, retail store, clubhouse, swimming pool, and play zone is what they want to live their desired lifestyle.

Investment: Real estate sector is one of the safest options for investment in India. People with extra savings find buying home a good investment. They don’t buy these homes for residential purpose but to rent them out or to sell them for profits.

To boast about it: It might be shocking, but it happens in India. When people see their relatives and colleagues talking about their own homes all the time, they also feel a need of buying a home just to boast about it. They feel left behind and to keep up with others, they buy homes. These people take help of property sites in India to find the best home in their budget.

Understanding these emotions can help sellers and brokers connect with the buyers and suggest them right property. It also increases chances of a sale of a home with fewer efforts.