Why Should You Consult Property Sites?
Revised 25 Aug 2014
540 views |
The transactions in the real estate market have gone up manifold especially after the general elections of 2014 were concluded. The new government is in favour of residential property development which has made developers positive about the industry and inspired investor and buyer confidence. A lot of property sales are supplemented by property sites. There are a number of real estate sites that a buyer can refer to not only for locating properties in a city but also for reading up articles on real estate trends, watching video logs of interviews with important construction magnets and developers and looking through reports and various indices.
Property websites have made it easier for people to buy properties as they can make informed decisions. The articles, live chat features, blogs, news pieces, interviews and other informative content help to make consumers aware about the true capital and rental value of a particular area in a city. It also informs them of the right time to invest in property. You can come to know when property prices in Gurgaon or Mumbai would fall in order to make investments. Property sites also have articles that tell you which floor to opt for when you buy an apartment, whether you should buy an apartment in an old building and what to look out for when you are buying a luxury apartment. You can also get some idea from referring to these websites if you want to take a loan for buying your apartment. The tactics which would improve your credit score such as having more numbers of covered loans compared to uncovered ones in your portfolio and much more is explained in the websites.
Property sites are very helpful for those who do not have the time to visit multiple sites of property development. They can simply go online and read up about various projects coming up in cities rather than visiting them. These websites are very helpful for NRIs who are interested in investing in real estate in India because the time is right for them. Many NRIs and HNIs are interested in real estate investment as the rupee is at an all-time low and hence they can invest a lot more money without having to spend too many dollars. Finding out about the properties to invest in would be difficult for them being in a different country. However, using property sites, they can find out about the projects to invest in, including the styles of apartments, locations, amenities offered etc. Builders also upload floor plans on these websites in order to inspire investor confidence. A buyer from the USA can easily come to know of the real estate properties being developed in Mumbai’s Andheri West or Bannergatta Road in Bangalore. They can also come to know which city is booming and would reap good benefits in the future. Both end users and investors look up these property websites.
Moreover, it reduces the leg work that you have to perform prior to purchasing properties. If you want to find out about the quality of a builder, whether he offers possession at the proposed date and fulfils his commitments in providing the amenities promised in the initial agreement, simply log onto a user group and post your query. Buyers who have bought apartments from the builder would respond to your queries and you can come to know of the quality of the builder without having to meet him ever. Property sites also list properties available in various cities according to their prices, location, style of flats (1, 2, 3 or 4BHK apartments, penthouses, condominiums or duplex apartments) and much more. You can simply select a city of your choice and specify the budget or location and you will be shown the properties that suit your demand. The square feet area of the property is also shown on the website. These listings inform you of the various kinds of properties available without having to engage a broker in the deal. Brokers usually charge 1 percent brokerage from both the buyer and the developer which involves a lot of money. Therefore, you can avoid the middleman and directly meet the builder and talk to him about the apartment being built.
The numbers of people using online media for buying property is increasing every day. Almost 1 out of 2 property buyers nowadays follow property sites before deciding when to buy an apartment and where. Not only are residents of tier I cities and NRIs engaging in these practices but also residents of tier II cities such as Nagpur, Bhopal, Visakhapatnam etc. are engaging in these practices. Property sites have special pages dedicated to these popular tier II cities of the country and are including information and news pieces about them apart from the properties available. A lot of NRIs are from Tier II cities of the country and they would like to buy their aged parents a comfortable apartment to live in. These NRIs look up property sites for relevant projects that are coming.
With the development of infrastructure and metro railway services in major metro areas of India such as Mumbai, Bangalore, Hyderabad, Jaipur and Kolkata, property prices are expected to escalate in the coming future. Alongside job prospects available in the IT sector which pay a lot of money, other sectors such as BFSI and Finance are also set to expand which would increase the purchasing power of people. The expected increase in prices has attracted a lot of buyers who want to reap benefits from investment made in real estate. A lot of investors are also putting in their money in plotted developments and residential houses rather than in apartments as prices of plots are expected to appreciate more than those of apartments. Property sites have helped these investors become more aware of the investments they make. These sites have also reduced fraud in the real estate sector as buyers can verify the credibility of builders. In future, not only will property sites continue to be persistent but also be used by more numbers of users.
Pratyush Khanvilkar, a Mumbai based Financial Advisor. Considering the economic need people move towards land and property. Learn the most efficient way to own your property and have a satisfactory lifestyle. Subscribe at - ' India Property Blogger '.PratyushKhanvilkar has a website at indiapropertyblogger.blogspot.in/
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