What real estate would you be interested in investing in?
Whether you are interested in becoming a realtor or looking forward to owning your own home, the real estate industry is exciting from all perspectives.
Real estate refers to properties that consist of land, resources, buildings, and roads, and other utility systems. Residential, commercial, industrial, and land are some of the common types of real estate. It involves the purchase of raw land, construction, rezoning, renovation of buildings, and sale or lease of the finished products to the clients. Real estate includes duplexes, townhomes, single-family homes, condominiums, cooperative housing, fourplexes, and triplexes. Investment in real estate aids in good returns, tax benefits, long-term security, diversification, passive income, building capital, and protection against inflation
Real estate classified into :-
Residential
Commercial
Industrial
Land
Business:
Sales
Rental
The global real estate market was valued at US$ 7,063 Billion in 2022. It will exhibit 1.8% CAGR .
Growth of Real Estate Market Growth
By 2030, the Indian Real estate sector is expected to reach USD 1 trillion in market size, up from USD 200 billion in 2021.
Commercial real estate, retail, and hospitality are growing at a considerable speed, giving rise to infrastructure growth.
By 2025 the real estate demand would increase by 15-18 million.
On a pan-India basis, this year, property prices in India are likely to increase by 7.5%, the fastest growing in five years
Demand for residential properties has surged due to increased urbanisation and rising household income. India is among the top 10 price appreciating housing markets internationally.
Organised retail real estate stock is expected to increase by 28% to 82 million sq. ft. In 2023.
The real estate sector is the second-highest employment generator in india, after the agriculture sector. It is also expected that this sector will incur more non-resident Indian (NRI) investment, both in the short term and the long term.
Bengaluru is expected to be the most favoured property investment destination for NRIs, followed by Ahmedabad, Pune, Chennai, Goa, Delhi and Dehradun.
7 big Mistakes which people do while buying the property and lose their hard earned money
They Don't check RERA number
They Don't check All Approvals & validity of approvals
They Don't check the Company's Past track
They Don't ask the Bank Approval number & name of bank to avail the loan
They Don't ask the I card of Sales Manager/ Concern Person
They do Compromise with the Location & Infrastructure
They issue Cheque without mentioning the Bank account number which is mentioned in the RERA
