In recent months, the property prices have shown a competitive growth in some of the most prominent cities in India. Buying a property in India has always been the dream for most families and working professionals.
Real estate has been one of the most preferred investment options for all Indians and there’s always a debate whether gold or real estate is more preferred by Indians at large.
Here are 5 modern trends that make investing in Indian property a profitable activity for investors of every age group.
- Develop it and promote your area
According to Property.Sulekha.com, if you are investing in plots and open areas, you can develop it as per your design. Real estate in India attracts big investors who are willing to develop fallow and dumping grounds into modern townships.
- Villa designs in high-rise buildings
Due to lack of open area in cities, premium builders are now offering villa-like flats in high rise buildings. Buying residential property in India in such projects cater to NRIs and expatriates.
- Develop vacation rental houses
Tourists and professionals are now exploring vacation homes in cities instead of hotels. Property price trends in India are catching up with foreign numbers in terms of investments made in vacation rental homes. They double up as a reliable source of income.
- More returns in shorter time
Compared to other countries, investing in real estate in India assures of better returns in shortest time. There are multiple channels through which an investor can derive profit from the asset—put it on rent, accommodate PGs or even sell it as per the local market price.
- Redevelop old townships
Buildings older than 10 years require reinforcements and maintenance. Depending on the popularity of the real estate township, investors are taking up redevelopment projects to heighten the quality of the building and also attract new customers. The old occupants can sell their price as per the market price and gain profitable return.
With so much happening in the Indian real estate, investing in the country is truly the most prolific business activity. Investing in real estate also comes with lot of risk. So a careful planning and choice is required if you have decided to make property investment in India.