The Indian economy is showing an upward trend with a pro-active government at the center. Moreover, expectations have risen with demonetization which makes this the right time to buy a property. Buying property nowadays is quite different from what it used to be. Before the economic slowdown, one could be sure that the property could fetch a good dividend in a short span of time. Real estate was looked upon as a lucrative investment opportunity. But today, homebuyers are in doubt as to what they should do; wait for the prices to fall or not. Pre-requisites differ when you are investing in real estate than when you are buying a home forresidential purpose.
So, are you an investor or an end user?
The difference between the two is that the first is looking for returns on investment and he is backed with a certain amount of a risk appetite. An investor looking for returns is ready to gamble on his assessment of the current and future market conditions and is also invested in other instruments such as stocks and bonds. [Read more…]