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Where the Indian Property Market is HeadingSubmitted by ashishjuneja Thu, 24 Apr 2008
There is a lot of speculation on which direction the Indian property market is heading towards. There are people who feel that the prices of land or built property in India might fall in the future because of the over appreciation. And there are experts who feel otherwise, their argument is - though the property prices in some parts of the country may be over appreciated but a large portion of the property market in India is still in developing phase and there is a hell lot of scope for appreciation. All you need to be careful about is the property you choose, because your returns can only be as good as the property you buy.
According to Rajiv Sabharwal, Head - Retail Assets Group, “If you look at people who are buying homes and getting tax benefits, even with an interest rate of 9% to 9.5% their post tax benefit cost would be 6% to 6.5%. Compare that with the rental he will have to pay and here you have not factored in the capital appreciation, which may come to him even at the rate of 10% to 15% per annum. It still goes in the favor of customers buying an own home rather than renting.” Looking at the above equation it can easily be said that there is still a lot of scope for appreciation and high returns in the Indian market. Apart from the already well established and known property locations, a lot of new and emerging property locations are being preferred, as the property prices in these areas are still at a low level. And after looking at the growth of real estate market in India it can easily be said that these places will surely offer high returns on investment. Ramji Properties, a full service land banking & realty firm with wide experience in negotiating sales, purchase and leasing of commercial, industrial and residential land/properties, offers high-end land for sale in India, cheap land for sale in India, and farms for sale in India. About the AuthorSource: ArticleTrader.com ![]() Comments
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