The last few years has seen a major surge in the real estate sector, especially in the under-developed cities. The contribution of the particular sector towards India’s GDP has been steady and it is expected that 2017 is going to see a major upward shift in the investment graph for real estate. There is going to be a high demand for new projects to come up. According to experts, the potential of investors gaining high amounts of profit is really high. The sector is anticipated to be a major player in the economy this year.
So if you are a first time buyer or planning to make an investment, here is a list of benefits you can derive from it.
Real estate can be improved
Real estate investments are completely under the control of the investor. Natural calamities surely can’t be controlled, or there is very little control on demographic and economic changes too, but when it comes to maintaining the property or the tenant, it is all well under the control of the investor. Making significant changes in the basic architectural plans to improve the condition of the property are usually incorporated by best real estate companies in Kolkata with adding to the property or fixing any unresolved problems, thus proving it to be an asset.
Inflation doesn’t really affect real estate sector
Real estate is one of the few sectors in the economy which has a proportionate reaction to inflation. When the prices rise at an alarmingly high rate during inflation, the rent from re-leased properties can be adjusted accordingly (upwards mainly!). This alone gives the portfolio of real estate privet against inflation.
Profits earned are sky high
There is no arguing the fact that real estate market has very less transparency related to the individual property value. This gives investor an opportunity to gain enormous profits from it. If you are planning to re-sale your house, you can price it with some regards to the standard market norms, but on monetary terms, there is no restriction, with very little scope to bargain.
Real estate can be financed and leveraged
Real estate is a market that is bought with a debt. The involvement of hard money or mortgage can be adjusted accordingly, making them affordable and within budget. Also, large purchases can be made with very less initial payment. This adds to the advantage of the people investing in it. Top real estate companies in Kolkata offer great deals as well, which makes the venture fruitful.
The numerous advantages it offers make it one of the most developed sectors in the economy. Kolkata real estate projects are developing at a fast pace. So if you are considering on making an investment, consider your options and survey the market condition before plunging into a life changing decision.