Many of us live with a wish to invest in real estate and in this process; some do a thorough research, while some just follow the trend, without any analysis. It is thus advised to have a good understanding of investment and then move on to the next step.
Further, real estate is considered to be the most promising sector to invest worldwide and is the 2nd largest employer after agriculture in India. The implementation of Real Estate Regulatory Authority (RERA), Goods and Services Tax (GST) & Benami Property Act have created a great transparency in the real estate sector which has boosted people’s trust on real estate investment.
Also Read: The RERA Effect on the Real Estate Industry
The demand for affordable, luxurious housing in India has received a great interest. Many government initiatives such as the Housing For All agenda and the Pradhan Mantri Awas Yojana (PMAY) have been a game-changer in the housing industry. With so many regulations coming in to cleanse the whole real estate industry, to bring in transparency, systems, processes and professionalism, Indian realty is on its way to become an equitable industry where the buyers and sellers have same or equal rights
Also, many posh areas in Mumbai have seen a fall in prices whereas the low-cost areas have seen a rise in prices, making the country more attractive to foreign investors.
This is another crucial factor why people are willing to invest in real estate in Mumbai. The lower-cost suburbs are now becoming the need of the hour, as these areas are doing really well in terms of connectivity. For example, Andheri West is benefitted due to the development of Metro line between Versova & Ghatkopar. The six-lane road of JVLR seamlessly connects Western and Eastern Express Highways, and more.
Hence, we can positively say that in the coming years the areas focusing on offering great connectivity to metro lines, airports, etc. will see a massive increase in the price of the property. This clearly depicts that it is a good time to invest in real estate for high returns in the foreseeable future.
The transparency of real estate market in India has boosted a lot. According to a recent report, India ranks 9th in terms of FDI inflow. Further, the Real Estate Investment Trusts (REIT) has also added a great transparency to real estate transactions as a result; many global investors & NRIs are interested in investing in Indian real estate.
In the year 2016, the home loan was around 9.5% per year. But now many banks are providing home loan now at 8.35% per annum. It has been found that most of the banks have reduced home loan rates due to the economy gaining back its momentum. Reduction in loan interest rates can be beneficial to the end user.
We all know that the principle of real estate investment is ‘Earlier the better’.
Further, if you are planning to own a home of your own then Jogeshwari East is currently the ideal location to choose. Our project Avant Heritage offers 1,2,3, 4 BHK spacious homes, located at WEH-JVLR Junction. We offer you:
For more information about the project, feel free to contact us or visit our website www.avantinfra.com