With so many vicissitudes in every sector because of the market slowdown, making investments in the real estate segment of India has emerged as the hottest topic among the investors. The Indian real estate sector is going through a dynamic phase with the rapidly changing economies and real estate laws. In such an environment, both the buyers and builders are adapting and embracing changes. The builders are introducing new properties with varied formats to capitalize on the changing scenario. Buyers have also become more concerned about the high quality and better services from the builders.
The current phase has experienced a rapid development in the real estate sector and almost everyone in the country is concerned about making such investments by selling, buying or renting the property. There have also been changes in the behavior of the buyers or investors, while the financial firms have come up with the changing trends apparently.
Role of Internet in real estate
Everyone among us is directly or indirectly involved in the issues related to property, which may be buying, leasing or selling. It is often harder to make such decisions and there are always some risks associated with it. The buyers and investors in India are largely dependent on the real estate agents or property brokers. The realty sector has now a strong and ever growing Internet penetration among the buyers and investors, which has brought about a revolution in the buy and sale of properties. The online real estate industry has a user base that exceeds 50 million, and the number is counting.
These real estate sites like 99acres.com have provided a complete information platform for exchange and availability of the genuine and complete information related to properties across country. These websites display the listings of the residential and commercial properties, including buying, selling and leasing options. Such websites also offer expert advises for property registrations, property loans, property laws, property news, and clear other confusions of the buyers.
Real estate websites have remarkably introduced an innovative way to provide information about the real estate segment, to its niche. The real estate markets abroad have been one of the most trusted and accustomed forms of buying, selling and leasing the property, but the Indian market will still require some more months to stand at par with the western standards. However, the popularity of these websites is growing in India at an unexpected rate and is expected to multifold in the coming years. The listings and conversions for both commercial and residential properties are multiplying on an everyday basis. In addition to that, the real estate portals in India have gained positive feedback from both buyers and sellers.
Things to consider
Even though one is thoroughly satisfied with Indian real estate sites, few things should be kept in mind as well. It is often difficult to determine the property values, as the property depends on the profits it generates. While searching for a property it requires a great deal of evaluation, management and financial planning. It is also believed that any agreement should be done with complete satisfaction, which should bring peace of mind to the buyer. Therefore, it is generally advisable that one should do a thoroughly check out the property in question. Even the minutest details should not be overlooked, as a lot of money is at stake. Capital returns in any market vary according to demand and supply, but investing in property definitely offers better returns than any other form of investment.
Riya Dogra writes on behalf of 99acres.com, which is an online portal dedicated to provide all information about real estate industry.
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