While planning for a secure future the most important aspect that comes to one’s mind is that of purchasing a house or investing in property which can give good returns for the next generations. Putting money in real estate is looked at not only as an option but as a necessity which forms the basis of a secure, respectful and peaceful life. Some pointers are listed below which enlist as to why should you invest in Real Estate?
Since ages investing in property is considered as a safe option as the mental security and the financial standing that it offers is immense and incomparable. Society owes its formation and institutionalization to property as well. It was after the coming in of the concept of property that the ancient man needed legal children to inherit it and hence emerged the concept of marriage and legal heirs.
If we look at it minutely, everything revolves around economics and management of property in the society. Real estate forms the very basic need of an individual and hence the fulfilment of the same tops the list of individuals.
Social standing and economic security
Owning a property brings with it a social status and feeling of economic security. This is essential for peace of mind and assurance that one has a place to live in and an asset; the value of which is increasing year by year.
Since, having an accommodation is the basic need for an individual but people also keep it as an investment option; one that will reap good returns upon selling.
Safe and secure investment option
Over the years, across countries and continents, investment in real estate has given good and assured returns to the owners and hence is seen as one of the best investment options. The value of land has only gone up and with increasing population; it is bound to rise further. Talking of real estate sector in the sub-continent, one can only marvel at kind of growth and development it has been witnessing over the last one decade. Drastic changes are visible in the way properties are developed and launched.
Since the coming up of international firms and investment from across the world, the rapid development that the sector has seen is incomparable. Witnessing a high growth in some cities, reflects the tremendous amount of money inflow and focus the sector enjoys.
Smaller towns and cities too on realty high
This growth and progress is not limited to big cities and metros only and has infiltrated into smaller towns, mini cities and sub-cities. The real estate big wigs realize that immense scope for development lies in these pockets and they too have huge consumer and population base.
If one notices the infra changes in the local and private facilities in cities, one may find that the progress has seeped in and the local governments are now waking up to bettering infra facilities.
Recession proof industry
Whenever the recession strikes and jobs and economy shrink, one sector which stands tall is the real estate sector. Braving the falls, which result in the decline of the prices a little bit but never it sees a downfall or depreciation in longer run and the core value of property is always intact.
The rate of return may decrease owing to the slowdown but the sector and the property provides a protective shield to the owner who is assured of basic living standard and some assured returns for future.
Author writes for 99acres.com, one of the top ranking real estate portals, dedicated to provide the best real estate solutions to the customers. 99acres.com offers detailed information about buying, selling or renting of the properties available at various locations in India such as property in Kerala.