It is a well-known fact that real estate is an appreciating asset. Historically, average real estate prices have multiplied and given healthy and robust returns to investors, despite multiple cycles of recession.
Franklin D. Roosevelt is famously known to have said, “Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” Generations later, what he said then continues to be true — real estate is one of the best assets to own and pass down.
An asset that has the ability to fetch returns, buying a property can be seen as an opportunity to invest towards a comfortable retired life for yourself, as extra savings or as an additional source of income. If the investment is done at the right time with the right developer and reasonably maintained, stable rentals will be guaranteed.
The sector, however, has changed considerably over the years. While it grew in scale it also witnessed waves of consumers, each with their own set of traits and personalities come and go. Earlier, when projects were delayed consumers were willing to wait. Today, the home buyer is young, educated, informed and active.
Pune stands out as both the most affordable and highest-selling metro city in India, making it a unique leader in the country’s real estate landscape. The right time to invest in your home or a piece of land is now, as the buoyant Indian economy and development across all sectors is just about seeing the light of day.
In addition to all of this, low bank home loan rates and attractive financing options compared to other forms of loans, with tax benefit on bank interest paid, financially buying a home is also a sound decision to make. Safe from any major dip, the Real Estate (Regulation and Development) Act (RERA) has regulated the sector, further ensuring that it is a safe investment for all.
The upswing in India’s real estate market has led to a multifold increase in land prices, resulting in favorable returns for investors. Due to the increase in land prices and input costs of main construction material, the prices are bound to increase in the future. Hence, this is the right time to invest in real estate. A property purchased in a good or upcoming location, with reasonable amenities from a good developer is almost always like a liquid asset and can be sold and monetised in as less as a fortnight.
by Kapil Gandhi
MD, Sigma One Universal
