An Insight into Real Estate Investment
The real estate market has slowly but steadily revived and once again the market is on the rise. There are many active projects that are going on throughout the country and many are already up for grabs. Mangalore is also witnessing new developments, and developers are offering 1, 2 and 3 bedroom flats that fit well with every pocket size and come fully loaded with features and amenities of most modern townships
Banks are also gaining confidence in the builders who are providing budget friendly housing complexes with state of the art designs and luxurious features. Club houses, Gym, Swimming pool, Kids play area, are some of the amenities which can be commonly found in all townships. Moreover, with easy loan facilities, more and more buyers are interested in pre-launch booking which is viewed as future investments.
Those who want to sell their old property are finding it hard to compete with the new upcoming apartments since they possess more finesse, style, comfort and their design allows for more space despite the size. A buyer faced with choice between these two options, often chooses new properties since it doesn’t require maintenance, and any fault in the construction is covered by builder under seller-buyer agreement. Hence, buying a 3 Bedroom flat Mangalore is as hassle free as buying a villa here, however, buying an old property would involve a lot of things like refurnishing the house, improving the curb appeals to a contemporary one, changing interiors, and a lot of maintenance.
From the investment point of view, real estate is considered as one of the most reliable in terms of return on income. Be it resale of old property or newly constructed one, study shows that the real estate price has always seen appraisal. However, you may not make huge profits if you try to sell a property that has been recently constructed. It usually takes around 5-10 years to book a good profit, thus it is advisable to hold the property until you find the right price you desire.
Most of the apartments for sale in Mangalore are from reputed and trusted developers which have built well planned and well-equipped townships which are mostly maintenance free and are in good localities. These are approved by the governments, have all the necessary certificates and have good cultured population moving to these places. Hence, these are food for families as well as for those just want to buy a new residential property for investment. These apartments in new townships are treated as appreciating assets by investors and cater to all the demands of the new home buyers.
Your house is where you find peace and comfort, where you make memories and live some of the most precious moments of your life. Choosing the right property is key to unlocking the world of happiness, thus one should be patient while picking up the property that suits all your needs.