7 must-know facts about property investment for beginners in India- Indepth Property
7 must-know facts about property investment for beginners in India 1. Real estate is locally driven Property investment is influenced by local metrics. The real estate market of India, for instance, is entirely different from the US market. Even within India, the property market in Uttar Pradesh and Haryana have their distinct features. Further on, within Haryana, the real estate markets of Gurgaon and Sonipat are not the same, despite their many similarities. 2. Real estate is a long-term proposition If you are investing to make quick bucks, real estate is probably not your thing. Value appreciation takes a while in real estate. If you invest in a plot in an upcoming locality, it might take several years before the sale offers you tremendous gains. Nothing changes in real estate within months. 3. Real estate needs legal & financial understanding While real estate developments have largely been unregulated in India, something that enabled investors to save on taxes,...