Investors are well aware of the futuristic charm that India holds and has become the favourite for upward-moving millennials due to its multicultural environment and optimal connectivity across the states. The Indian real estate sector is seeing tremendous growth when it comes to investing in real estate. Fixed and secured assets such as real estate take up a large piece of the cake regarding wealth portfolios of the middle-class sector.
The growing flow of FDI in Indian real estate is encouraging an increased flow of cash in the Indian real estate market. Developers, in order to attract funding, have been constantly reassessing their investment style with their due diligence. Indian real estate has been projected to attract a significant amount of FDI in the next two years with US$ 8 billion capital by FY22. The government has created an Affordable Housing Fund in National Housing Bank with an initial corpus of Rs 10,000 crore using priority sector lending. The government stimulus along with other policies in the favour of Indian real estate sector has made it more convenient for the investor to invest.
The upwards trend in India is due to the following factors such as:
● Supportive government rules and regulations.
● Location Advantages
● Amenities
● Upcoming technological superpower
With growing financial literacy and purchasing power parity, India is the prime investment location for investors.
NCR is an ideal investment destination
The growth in the purchase of second homes as a passive income alternative has made properties in developing cities the best investment option. Cities like Noida are systematically planned and have composite construction where residential and commercial properties go hand in hand. Property in Noida offers great job opportunities, and convention centres have been upgraded in addition to the upcoming Jewar Airport. The government is definitely focusing on Noida and putting in stimulus and benefits that an investor can leverage. The accessibility of the location is also a prime factor for investment.
It beats the leading road infrastructure with a crown highway such as Yamuna Expressways which provides seamless connectivity across the borders. While the property in Gurgaon endorses a premium standard of living, with a mushrooming space for IT, education and hospitals. Gurgaon has also attracted many investors in terms of start-ups and technology. Most entrepreneurs have set up their bases in Gurgaon and many have migrated to the city with the hopes of settling down.
Pune the upcoming centre of IT
Pune has also been seeing a surge in demand over the last decade due to several factors. Not just the residential sector but the commercial sector has also witnessed decent growth resulting in demand for housing. Moreover, the fact that Pune has been included in the list of smart cities has also catalysed investment in the city’s infrastructure. The increase in the number of startups has also boosted future developments in the city. From poolside cabanas to sundecks, luxury has become the new normal in the city where even affordable housing is being built in lush green areas. Health and wellness are also becoming the centre of construction for developers with an increased focus on better lifestyle amenities within the campus premises. Buy Property in Pune to be part of a booming infrastructure, where you can also get greater capital gains and enjoy the interests thereon.
Conclusion -
In the end, what matters is the type of Property for sale and the budget allotted to it along with the other factors which have an influence on the investment decision you make. The market is encouraging and investors are optimistic about it, but a thorough analysis of every investment should be carefully done. The builders are also keeping the focus on sustainability criteria when it comes to development.