Tuesday, January 31, 2012

Real estate market will remain cautious over short term: Ravi Saund

In an interview of Mr. Ravi Saund, Chief Operating Officer, CHD Developers he clearly states that the real estate sector has become a lucrative investment for the Non- Resident Indians. He attributes the major cause for this was the depreciating value of Rupee. Also he pointed out a several aspects which a buyer in the real estate market shall consider before making his decision.
He also mentioned that these aspects would be the same fundamentally for residential as well as commercial properties. The property buyers of the day shall be aware of the fly-by-night companies as also the several commitments of the company especially the time constraints. One shall also take interest in the legal aspects of the company and directors to be aware that the developers are not involved in any legal hassles.

The real estate development in the areas or cities adjoining the one where the NRI’s are willing to invest and also the accessibility of the project are major factors which one should consider before finalizing a deal.
The primary moving factor behind investing in the real estate sector by the NRI’s is the returns. Cities like Mumbai, Delhi, Noida, Bangalore, Gurgaon and Pune are the most favoured cities when it comes to favourable returns are these cities have shown hikes in prices and rent over the past few years.

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  2. In accordance with the mentioned post I would also like to say that its good that NRIs are feeling that India is a great place for the investing the money in real estate properties. It may be due to the dropping value of the rupee in international market, but along with that it is also a fact that the rate of the properties are also not too much low over here. In all of the developing cities where the residential as well as the commercial estate projects are getting developed, a common man really finds it too hard to afford a property without taking the mortgage loans. The developers should think upon this fact also.
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