Market study says, prices of residential real estate have increased in the last one year and is going to be the same in coming future which means buying flats close to commercial areas will help the investors to get good return due to the high rental income.
Executive director of KDP Infrastructure, Tanuj Goel said: “This is a great time to buy homes, as the economy is recovering from a small slump. Property prices will be stable for at least a year, which might then shoot up. Also, government agencies have taken steps like reduction in CRR to infuse liquidity in the system and ensure that buyers have to pay less interest on home loans.”
However the demand of 1BHK and 2BHK flats in the central areas and the suburbs is high. But, the investors should do some basic research about how many flats are sold and about how much construction work has been done yet before investing to get surety that more likely the builders will complete the project.
“Investment in reality sector will give better returns than on any other assets”, said by O P Agarwal, the chairman of Lotus Infra Projects Pvt Ltd.
Buying from reputed builders is also advisable as they complete their projects on time as delay may affect their reputation in the market.