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Is Investing In Real Estate At A Young Age A Good Decision?
Is Investing In Real Estate At A Young Age A Good Decision? |
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Real estate is often described as one of the safest investment options. Read on to find out if it is ideal for youngsters to invest in real estate |
The generation before millennials invested in real estate, not only for the returns that the asset generated, but also for safety and security reasons. Besides, it was one of the few bankable options available. However, despite several investment avenues that are available today, several youngsters aspire to buy property at a young age.
Even using the simple economic rule of demand and supply tells us how precious land is. The finite land resource will only get dearer as the population increases. Real estate is considered one of the safest and low-risk investments. Even if the prices dip a bit due to global factors, like recession or pandemic, the prices will surely bounce back in the long run. Unlike gold, equity, or other instruments, real estate is an asset, which you can use or rent out, and still generate long-term profits.
Additionally, real estate also helps you diversify and balance your investment portfolio.
Talking about finances, most opt for a home loan to buy a home. With age on their side, a young gun has the option of longer tenure with lower EMI, thus reducing their financial burden. As one grows old and climbs up the corporate ladder, the income also increases, thereby allowing them to make pre-payments or increase their EMI amount and manage their loan better.
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Why Gurgaon Is The Highest Investment Destination?
WHY GURGAON IS THE HIGHEST INVESTMENT DESTINATION?
The changes within the property market of Gurgaon within the Delhi-NCR region are quite vital over the past few years. The prime areas have already reached their saturate purpose in terms of costs similarly to occupancy, the emergence of recent residential areas could return as no surprise.
Nobody is unaware of Gurgaon because of the hub of corporates. the provision of excellent quality residential places and continuous improvement in property to Old Delhi has created Gurgaon one in all the simplest decisions to speculate in property. Infrastructure development and enlargement of civic amenities like golf links road and Dwarka expressway are nothing however indicators of growth of the Real estate market in Gurgaon.
FUTURE OF REAL ESTATE IN GURGAON
It is evident that the Real estate sector of Gurgaon goes to witness additional growth within the coming back years,
AVAILABILITY OF RESIDENTIAL OPTION
As we tend to all aware, Gurgaon has an associate abundance of the area and ample opportunities once it involves location front for residential townships. These are necessary factors to work out the expansion of the belongings sector in Gurgaon.
AFFORDABLE HOUSING IS A BLESSING
Talking regarding the residential development front, there’s plenty that Gurgaon has to provide. This is the explanation why several investors and NRIs like better to invest in Gurgaon. The demand and provision of homes are mostly targeting middle and high-end segments. With additional and additional corporates marking their footprints in Gurgaon, the place looks to supply various opportunities. This solely suggests additional jobs in Gurgaon and therefore a rise in demand for residential complexes.
CIVIC AMENITIES
Many citizens are being enticed to invest in Gurgaon due to the increased availability of civic amenities near residences. One of the key reasons why we see more and more millennials investing in Gurgaon is the availability of residential complexes close to prestigious educational institutions and corporate offices. Most of the ready-to-move-in flats in Gurgaon are equipped with a variety of amenities such as party halls, fitness centers, yoga rooms, and clubhouses.
IMPROVEMENT IN STRUCTURE AND CONNECTIVITY
In every nook and corner of Gurgaon, a plethora of artistically crafted and breathtakingly beautiful residential complexes by trusted and leading builders and developers can be found. This corporate hub – Gurgaon – is attracting a lot of home buyers. The smooth connection to Delhi is the icing on the cake in terms of improving its real estate market position.
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Properties Costing Rs 1 Crore And Above Performed Better In 2021
Properties Costing Rs 1 Crore And Above Performed Better In 2021
The demand for luxury homes is expected to be bullish in 2022, and luxury enthusiasts are willing to lap it up. Here’s why
According to reports, the upper finish of the property market (properties cost accounting Rs 1 crore or more) has done increasingly higher in 2021. From being regarding twenty-one percent of all primary sales in 2020, they constituted about twenty-three percent in 2021, expressed Knight Frank analysis.
While there’s a stress on houses and amenities, new-age home-buyers have additionally become responsive to inexperienced design and property construction.
“From energy-efficient systems and star panels to inexperienced roofs and conservation – these area unit the foremost engaging options nowadays. Also, if the house is prepared, the building is licensed with eco-friendly certifications ANd has an energy unit charging station, I don’t mind paying a premium for it.
As per analysis, the highest 9 stock exchange-listed developers oversubscribed approx. 18.46 million square feet of housing house in H1 FY22, in exceptional distinction to approx. 13.28 million square feet within the corresponding amount a year ago. “The heightened levels of exclusivity, safety, and individualized services that escort the branded expertise area unit suited to the current wants. Hence, the demand for owning branded and maintained residences has seen a surge.
Evolving luxury landscape
Following Covid-19, the luxury home-buyers area unit currently focussed on raising their quality of life with stress on health and luxury. “Among UHNIs, there’s a powerful demand for high-end properties which will function catch-all compounds, live-work areas, and supply resort-like living expertise, as homes became the only real house for all activities
Further adding, “Besides, new-age digital transformation tools and advanced enterprise technologies like the web of Things (IoT), ERP, AI method Automation (RPA), and information science are serving to developers with negotiation, prompt quality valuation, and increasing visibility.”
Pandemic risks persist
As per the survey, sixty-seven percent of HNIs arrange to purchase a luxury home in 2022. Therefore, any disruption thanks to Covid-19 is probably going to be a blip within the in-progress demand recovery, believe consultants.
“The last 5 quarters have seen an honest momentum for luxury home sales ranging from Q3 2020, and alphabetic character isn’t a celebration stopper heretofore. The restrictions in movement may lead to postponement of purchase choices. However, we tend to don’t see that as an excellent impediment because the repressed demand for homes remains robust and can recover (should there be a moderate slowdown) to require advantage of the positive shopping for setting,”
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Tips For Home Buyers
Home-buyers who purchased a home last year share their key learnings. Read on
When you’re finally entering into your dream home, you’ll be greeted by an entire bunch of hidden prices (home renovation, parking charges, relocation services charges, etc) that may utterly overshoot your expenses. Hence, keep that in mind.
Covid-19 is here to remain. Hence, if you have got the budget, then select a pair of 3-BHK lodging because it won’t solely provide your family a way of privacy, however, you’ll additionally flip your spare chamber into your home base or fitness zone. Besides, if any of your relations get infected, s/he can even get unintegrated within the chamber and obtain timely treatment.
“Take advantage of the present monetary climate and go ahead a book your dream home.
Before applying for a home loan, make sure you have a powerful credit score because it can assist you to get your home loan sanctioned faster;
Decide on the allow your house and stick with it. Don’t get ambitious instead you may strain yourself financially within the end of the day.”
“Make an inventory of your high 5 necessities and don’t compromise thereon once creating your decision;
once signing your home loan documents, enquire regarding proceeding charges, defrayment penalties, among others;
Remove a substantial amount and keep it aside for the interiors of your home.”
Courtesy: Times Property.com
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Ways To Safeguard Your Plot
Buying a plot of land at a premium location can prove to be a rewarding investment. But how do you protect it from encroachment and other property-related disputes? Here’s what you need to consider
With land getting scarce and appreciating over time, it is prudent to protect your asset. If your plot is a considerable distance away from where you presently live, it will be somewhat difficult to keep an eye on any kind of illegal intrusion. However, there are some ways to keep encroachment at bay.
Hire Legal Experts
Before you purchase any property, make sure you seek legal advice. Legal experts can verify if the land is free from all encumbrances. Besides this, they will validate the owner’s details and ensure that all the necessary documents are in place for the plot purchase
Mutation Entry In Revenue Record
After acquiring the plot of land, ensure that the revenue record mutations are done in your favor. The document can be collected from the revenue office within six months of the property acquisition.
Enlist A Caretaker
A caretaker can be placed in charge of the security and maintenance of the land.
Frequently Visit The Property
Try and visit the property as often as possible. In case you are unable to make regular trips, hire a reputed concierge service that can manage and supervise your property.
Demarcate The Boundary
One of the most effective ways to prevent encroachment on your land is to physically mark the boundary. A barbed-wire fence is one of the cheaper options and is a great way to keep animals from wandering onto your land.
courtesy: Times Property.com
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2022 Could Be An Apt Year To Invest In A Luxury Home
Prospective home-buyers preferences for larger homes, higher amenities, and engaging evaluation can keep them interested to seal the deals. Hence, demand for luxury homes is predicted to be optimistic in 2022.
The higher finish of the property market (properties cost accounting Rs 1 Cr* and above) has done more and more higher in 2021.
From being concerning 21% of all primary sales in 2020, they constituted about 23 % of the full primary sales, unconcealed Knight Frank analysis. a replacement survey by a luxury residential and international property practice conjointly explicit that quite 1/4th of high-net-worth luxury home-buyers purchased realty within the last 18 months.
All this information solely goes on to indicate that as a result of individuals being confined to their homes for long periods, the demand for homes with ultra-modern amenities has seen associate degree dealings. As per specialists, the Covid-19 amount has created a reset within the luxury residential market, and sales square measure higher compared to pre-Covid-19 levels with patrons observing larger and upgraded living areas.