Is real estate a good investment in India?
The reinvention and revival of the Indian real estate industry following the pandemic has been one of the most compelling stories for the country’s economic growth. Real estate is a good investment in India offering investors one of the most secure long-term investments, not only for growth but also for building a safety net for your family. While it is important to diversify one’s portfolio with investments in equities, mutual funds, retirement plans, and so on, one should make a real estate investment in India as soon as possible to reap long-term benefits. Here’s what makes real estate a good investment in India.
Real Estate Offers Assertive Rentals
The primary reason that makes real estate a good investment in India is the rentals you yield. Whether you own residential or commercial property, having guaranteed monthly rentals is a great way to earn a good return on your investment. With agreements ranging from one to five years, it allows you to escape market volatility. Rental returns may not be substantial, but they are recurring and confirmed, which is always preferable.
Availability of Low Home Loan Rates
Home loan interest rates vary according to the credit tenure. The longer the repayment period, the higher the interest rate. This makes now an excellent time to invest in real estate. Customers can get a great deal by taking advantage of the current interest rates. The low home loan rates are a great way to invest in residential projects like 3 Bhk Flats in Gurgaon now making it another reason for making real estate a good investment in India.
The Rise in the Growth of Real Estate
Another essential factor that makes real estate a good investment in India is the rapid growth of the industry. The real estate market in India is expanding rapidly and is further expected to grow exponentially in the coming years. Investors of all kinds in India are rediscovering the perks of investing in real estate, particularly at a time when cautious investment is still commonplace. Furthermore, a sizable portion of the young workforce, or millennials, is now investing in real estate in Tier 2 and 3 cities to achieve work-life balance, security, and welfare. The rising demand in the market due to its traditional nature of being profitable is also what contributes to making real estate a good investment in India.
Positive Impacts of RERA
The introduction of the Real Estate Regulatory Authority (RERA) provided the real estate sector with much-needed advancements, transforming it into a much more transparent and user-friendly ecosystem. It ensures that customers receive all available information about the developers and their projects, as well as completion and delivery timelines. The ease at which information is at your disposal has increased market and buyer confidence. Along with RERA, a tactical simplification of approval processes has helped boost the confidence of local and NRI investors, accelerating the sector’s growth. The positive effects of RERA are one of the factors why real estate is a good investment in India.
While there’s a plethora of reasons that signify how real estate is a good investment in India, Smartworld is set to soon launch two lavish luxurious projects in Gurgaon – Smartworld Orchard and Smartworld Gems. Indulge yourself in a new way of living with these two amazing projects, Smartworld Orchard and Smartworld Gems, designed especially for millennials located at Golf Course Extn. Road, Sector 61, Gurugram, and Sector 89, Gurugram, respectively. Smartworld independent floors is a collection of low-rise beautiful residential projects that offer contemporary living that is well-equipped with a perfect blend of multiple ultra-modern amenities and enhanced services to provide you with an elevated lifestyle.