For property owners, investing in real estate in India happens to be a lucrative avenue. If you are interested in purchasing properties in India, you might have a common question: will the property value fall too soon? Well, it’s natural to bear this defensive stance in your mind and invest strategically in real estate. Amidst the pandemic, property rates in India had been falling, but now the industry is in check. If you are wondering whether or not real estate prices in India would be dropping, it pays to understand the real estate prices up & down in India. Let’s take a look at how the realty sector in the major cities stands in India.
The impact of the pandemic, including the lockdowns, brought the industry to a standstill. However, now that the industry looks in good health, investors are willing to purchase residential and commercial properties. Once the prices reached the bottom during the pandemic, they started bouncing back. Currently, you would notice an upward trend in property prices in all major realty markets in the country. It was particularly during the second half of 2022 that marked the phase of bounce-back for the realty sector in India. Since property prices are currently rising, it would be a logical decision to book the assets now.
One of the perks of investing in the real estate sector now is the easy availability of home loans. Since the buyers are convinced that the property prices in India are not going to fall too soon, they are seeking financing privileges from banks. These financial institutions are also providing loans to purchase residential and commercial properties at reasonable rates. Purchasing property can also bring you certain tax advantages. Since the RBI is gradually increasing the REPO rate, home loans are likely to become more expensive in the coming years. Considering these aspects, many homeowners are already booking their properties now. The value of residential properties largely depends on the interest rate. The cost of a loan also needs to be factored in when you calculate the value.
NRIs are also investing in the property market in India. Their interest in owning properties in India reflects the massive revenue-generation capability of the industry. In India, real estate prices will keep rising. Therefore, investing in real estate would be a great decision.
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