In the last two years, the Indian real estate market has seen major transformations. With the implementation of policies like RERA, GST, PMAY housing scheme and others, property buyer’s confidence has become stronger than ever. While RERA and GST were the major highlights of 2017, other key reforms like the National Urban Housing Fund, REIT, Insolvency, and Bankruptcy code were the developments of 2018.
The Non-Resident Indians popularly known as the NRIs have again started taking the Indian property market seriously. Here the word again is used to remind you that the new reforms and property prices shoot up were the few reasons that made the NRIs hesitant to invest in the Indian Real Estate for the past sometime. But, now the situation has altered as these people are willing to invest back here as India is their home and the implementation of new rules is making them confident enough to put money in the property market here. So, below we are listing the main reasons that intend maximum investments from the NRIs here in India:
The property market witnesses highs and lows more than any other industry. Thus, insecurity lies in the mind of the clients while investing in this sector. However, people depend upon the market gurus for predictions regarding the boom in the real estate sector. But, have you ever noticed the logic on which market predicts the future trends? If no, then you must take notice of the points listed here.
The increase in property rates depends on various reasons. Thus, you as a buyer should also have an idea about the pros and cons of the particular region. Of course, the common people might not know the in-depth details of the reality sector. But, assessing some generic points proves beneficial to understand the factors that affect reality boom in future.
Take a look at certain conditions that affect the reality boom in the near future. Also, this post will also give you an overview of when to invest in the real estate market.