Owning a property is still considered as an achievement with the middle income group people. In the olden days it was a rare activity and very few people had houses of their own. The real estate has completely revolutionized itself in the recent years. Many private builders have come up in the industry that are providing end to end solution to the customers including architecture, planning, strategic consulting and project management services. They have hired qualified professionals who have innovative ideas compiling with the latest technology standards. In India property investment can assure huge returns if done wisely, by closely monitoring the market trends. The commercial buyers and investors prefer a free hold land for developing group housing projects all over India.
Though investing money in fixed deposit was considered as the safest few years back, there has been a complete change in the scenario in the 21st century. Investing in property gives higher returns in short periods in contrast to fixed deposits which only give 8-9% of interest on the sum invested annually. The loaning facility extended by the banks made it easier for the average man to make property investment.
The bank easily offers loan to those that have a steady income and good credit profile, which the investor can repay in small installments over a long period of time at a specified interest rate.The state of Uttarpradesh has seen a boom in the real estate sector with cities like Noida, Lucknow, Allahabad and Greater Noida offering loads of commercial and residential spaces for buyers.
No comments:
Post a Comment