Posts Tagged property in india
Real Estate Property: Rocketing Prices Now a Normal Thing
If we are looking at the segment of real estate, you will be amazed to find out that the same real estate property that previously had a value of Rs. 5 lakhs now values over Rs. 35 lakhs, in just a matter of 4-5 years. Many properties, which were considered to be worthless due to non-existence of basic amenities at one point of time are now selling as hot cakes and touching figures of several crores in locations as varied as Noida, Ghaziabad and Faridabad to name a few. Each one of us must have surely came across such a situation. But, what can be the likely reason for such a huge price rise?
To start with, easy availability of loans and an unprecedented rise in the disposable income of the individuals along with rising population and the evolution of real estate segment have brought up the property prices to an all time high. With rocketing real estate prices, the desires of many of us get unfulfilled sometimes. It is for this reason that most of us resort to purchase of a property even at a price more than its market price.
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