| The stock markets have crashed and
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| | incomes of IT employees, a bull run on
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| recovered and then crashed again.
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| | the stock market and foreign
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| Similarly for commodities like silver and
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| | repatriations have made the Indian real
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| gold. The overall trend for silver and
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| | estate market a little volatile at this
|
| gold is positive though . Also stock
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| | point. But a country with a billion
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| market indices too over the years look
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| | people and still growing will always have
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| positive. But that's an index, only if
| |
| | a housing issue, and any investment in
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| you buy the right stocks do you get the
| |
| | the housing market can never go wrong.
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| benefit. Essentially the risks, with an
| |
| | Real estate; whether land or houses will
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| investment like stocks, are huge.
| |
| | always sell at a premium. For most people
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| Moreover less risky instruments like
| |
| | who live in 3 storeyed apartments that
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| Mutual Funds have huge entry and exit
| |
| | are over 20 years old, builders have
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| fees.Real Estate is the one investment
| |
| | offered schemes where current apartment
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| from which you can get a steady income,
| |
| | owners sell the land and building to the
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| and at the same time enjoy a steady
| |
| | builder, in return for a bigger
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| appreciation. This specially holds good
| |
| | apartment. The builder constructs a high
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| if you buy apartments close to IT parks,
| |
| | rise there and recovers his cost from the
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| railways/metro stations in any big city,
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| | fact that in a building where there were
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| close to any place of commercial or
| |
| | 12 apartments, there are now 60. This is
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| industrial activity. A rental income is
| |
| | a win-win situation. Builders get prime
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| an assured monthly income with little
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| | land in the city and the apartment owners
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| hassles, all things going right. It's
| |
| | get an upgraded apartment that has a lot
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| also a usable investment. You can feel
| |
| | more market value.
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| it, touch it, live in it, rent it
| |
| | Rents too have been on the increase.
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| out.Currently real estate prices are
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| | Apartments close to work places or
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| increasing literally on a daily basis.
| |
| | transportation hubs rent well. Since most
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| This is definitely not a trend that is
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| | tenants are professionals, owners need
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| sustainable. If you plan to realistically
| |
| | not worry about tenants staying for long
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| invest in the real estate market, please
| |
| | periods and then refusing to vacate.
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| ensure that you have a timeframe of a few
| |
| | Interest rates in India are much much
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| years. The current real estate increases
| |
| | higher than in the US. There it's about
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| are hugely attributed to the buying power
| |
| | 6%, we're close to 9%. Realistically you
|
| of IT professionals and their willingness
| |
| | can expect property to appreciate between
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| to pay a premium for any piece of
| |
| | 10-15% every year. Holds true more for
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| property. Places like Kerala too have
| |
| | land. For housing the property price
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| show steep escalations and the main
| |
| | increase usually depends on increase in
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| reason is the money flowing in from the
| |
| | costs of raw material like steel and
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| Middle East. Even though Keralites
| |
| | cement.
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| believe that the land prices there are
| |
| | Do not always look at real estate just
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| now higher than what they should be, on
| |
| | as an investment. A house is always a
|
| comparing to cities like Bangalore,
| |
| | great place to live in. For first timers,
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| Kerala is still very under priced.
| |
| | do not look at real estate as an
|
| Similarly for Pune. Land prices in Pune
| |
| | investment, but a home to go to.David
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| are seriously undervalued compared to
| |
| | Thomoson, an associated editor to , is a
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| Bangalore. In 2005 you could purchase
| |
| | contributing author to the for distinct
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| land in Kondhva for around 300 Rs per sq
| |
| | article sites/journals. Please feel free
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| feet and land in Bhugaon close to the IT
| |
| | to visit for more information on Real
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| Park for 400 Rs per sq feet. The prices
| |
| | Estate, property and classified issues Or
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| have increased a 100% within a year. It's
| |
| | write to him AT Any comments and /or
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| still cheap compared to Bangalore !!High
| |
| | suggestions will be highly appreciated.
|
