What does the real estate market hold in store for potential buyers and investors in the year 2015? Can consumers expect high returns on investment from luxury properties, apartments, and luxurious homes in India? There are numerous questions that may puzzle the consumers and it is crucial to make the right choice. Read further to discover how luxurious homes in India are set to elevate the real estate sector in 2015.
It has been known that the real estate and infrastructure sector has been the backbone of the Indian economy and a significant contributor to the economic growth of the country. Earlier, housing was seen as a form of luxury and lifestyle purchase. It was barely perceived as a commodity. During 2012-2014, investors and other buyers scooped up undervalued homes and took advantage of short sales, boosting overall sales volumes of luxurious homes in India. Real estate has become speculative because products have become short-term commodities. Buying second properties without the intent of flipping is not an easy task. There were many who bought luxury properties because they believed that earning high returns on investment in real estate was easy.
The 2014 apartment construction boom will lead to more supply in 2015, since multi-unit buildings take about a year to build. The NDA government aims to develop ‘smart cities’ across the nation and provide housing for all. Though a large number of buyers will be seen as homeowners, there would be an enormous number of interested buyers who will enter the market as renters. These days, the standard of living has progressed and people prefer renting luxurious homes in India.
Some may argue that joint families are still prevalent. No doubt, they still exist, but they have reduced in number. Young adults who are earning decent salaries plan households, which is another cause for the boom in real estate sales. The availability of loans in the market, both individual as well joint loans, makes it easier and less troublesome for interested buyers.
Today, there is high speculation about the demand and supply. When people wish to purchase or sell luxury properties, they do so, on the basis of speculation. You may have seen how the internet is constantly buzzing with the speculation of property rates. Real estate agents add to the buzz by predicting if the market will crash or rise. This speculation has enhanced volatility in the market and made it more unpredictable. So potential buyers who wish to buy luxurious homes or moderate budget homes in India should keep a track of the supply and demand levels.
Can you imagine buying a house when the interest rates are sky high? Real estate developers have figured out that people rush to purchase homes with the fear that interest rates on home loans may shoot up. Buyers need to focus on tangible and concrete factors while making a purchase. They need to ensure that they are not extending their financial abilities in the quest for home ownership.
Acquiring a house is a big decision and should be taken seriously, especially if you are planning to buy luxurious homes in India. You can be impulsive while buying a pair of shoes, but you cannot be the same while house hunting. Sometimes, predictions may state that the real estate prices will fluctuate in the short term and shoot up in the long term. But that does not mean you blindly follow predictions. If you wish to buy luxury properties as a long term investment, then take a look at the rental income that you can receive. See if it covers your expenses and provides a good profit margin.
Can you imagine living in a luxury apartment that you grabbed at a reasonable rate? House of Hiranandani (HOH), which is one the renowned builders in the country, has developed high-quality constructions and are making them available at moderate prices in the country. They believe that people from all walks of life are entitled to taste luxury and developing luxurious homes in the metropolitan cities of India.
Buying a house is entirely your choice and House of Hiranandani believes that you deserve the best. So, look out for their luxury properties in Chennai, Bengaluru, Hyderabad, and Mumbai. Purchase exquisite and luxurious homes in India that are designed to meet your comfort needs.
This is a guest post by Deepak Yewle
- Real estate seen as a commodity
It has been known that the real estate and infrastructure sector has been the backbone of the Indian economy and a significant contributor to the economic growth of the country. Earlier, housing was seen as a form of luxury and lifestyle purchase. It was barely perceived as a commodity. During 2012-2014, investors and other buyers scooped up undervalued homes and took advantage of short sales, boosting overall sales volumes of luxurious homes in India. Real estate has become speculative because products have become short-term commodities. Buying second properties without the intent of flipping is not an easy task. There were many who bought luxury properties because they believed that earning high returns on investment in real estate was easy.
- Rental market shows high demand
The 2014 apartment construction boom will lead to more supply in 2015, since multi-unit buildings take about a year to build. The NDA government aims to develop ‘smart cities’ across the nation and provide housing for all. Though a large number of buyers will be seen as homeowners, there would be an enormous number of interested buyers who will enter the market as renters. These days, the standard of living has progressed and people prefer renting luxurious homes in India.
- The rise of nuclear families
Some may argue that joint families are still prevalent. No doubt, they still exist, but they have reduced in number. Young adults who are earning decent salaries plan households, which is another cause for the boom in real estate sales. The availability of loans in the market, both individual as well joint loans, makes it easier and less troublesome for interested buyers.
- The supply and demand relationship
Today, there is high speculation about the demand and supply. When people wish to purchase or sell luxury properties, they do so, on the basis of speculation. You may have seen how the internet is constantly buzzing with the speculation of property rates. Real estate agents add to the buzz by predicting if the market will crash or rise. This speculation has enhanced volatility in the market and made it more unpredictable. So potential buyers who wish to buy luxurious homes or moderate budget homes in India should keep a track of the supply and demand levels.
- Fear of the rising interest rates
Can you imagine buying a house when the interest rates are sky high? Real estate developers have figured out that people rush to purchase homes with the fear that interest rates on home loans may shoot up. Buyers need to focus on tangible and concrete factors while making a purchase. They need to ensure that they are not extending their financial abilities in the quest for home ownership.
- Think before you act
Acquiring a house is a big decision and should be taken seriously, especially if you are planning to buy luxurious homes in India. You can be impulsive while buying a pair of shoes, but you cannot be the same while house hunting. Sometimes, predictions may state that the real estate prices will fluctuate in the short term and shoot up in the long term. But that does not mean you blindly follow predictions. If you wish to buy luxury properties as a long term investment, then take a look at the rental income that you can receive. See if it covers your expenses and provides a good profit margin.
- Luxurious homes in India available at decent prices
Can you imagine living in a luxury apartment that you grabbed at a reasonable rate? House of Hiranandani (HOH), which is one the renowned builders in the country, has developed high-quality constructions and are making them available at moderate prices in the country. They believe that people from all walks of life are entitled to taste luxury and developing luxurious homes in the metropolitan cities of India.
Buying a house is entirely your choice and House of Hiranandani believes that you deserve the best. So, look out for their luxury properties in Chennai, Bengaluru, Hyderabad, and Mumbai. Purchase exquisite and luxurious homes in India that are designed to meet your comfort needs.
This is a guest post by Deepak Yewle
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