Today, real estate is one of the most sought after business sectors of the world. It plays a critical role in representing a country’s national economic health and other parameters such as the GDP. In India, the real estate sector is the second largest contributor to employment generation, after agriculture.
Estate investment is deemed to be a safe investment option since it is not just an asset for the future, but also a usable commodity in the present. It has been and continues to be a good long term investment as compared to stocks and derivatives in terms of the steadiness
A good amount of due diligence, market research and guidance can go a long way when it comes to investing in real estate. Apart from a great wealth-building strategy, real estate also provides a buyer with security. Growing one block at a time, the real estate industry is expected to increase at a compound annual growth rate of 11%. With this kind of growth, real estate in India is an attractive market to invest in.
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Demographics such as population and urbanization have played an important part in the rising demand for residential, commercial and retail real estate.
According to a recent report, India is leading the four fast-growing countries within the real estate sector followed by Brazil, Russia and China with a compound annual growth rate (CAGR) of 5.2% in the 2014-2018 period.
This indicates that it is currently a good time to buy property since the development of new, affordable properties is on the rise.