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The Growing Madness Of People Over The Property

Oct 14th 2015 at 3:20 AM

Buying a property is one of the most difficult tasks in today’s world with the skyrocketing property rates every year. The real estate builders are launching new housing projects every year at premium rates, hard to resist. Advance bookings are done in Lakhs even before the launch of the project. With the ascending purchasing power of the people the demand for the properties is gradually rising. Every person dreams to reside in the best location. In spite of the high price of the properties people are ready to spend their entire income just to get their dream house.

THE ULTIMATE SOURCE OF INCOME

People who desire for a big house in the best location of the city can spend beyond any limit just to buy the property, but still many of them make use of their property as a source of earning income.

The latest trend in the real estate market is that people buy the property and rent it while residing in their present house. In this way they earn the extra income on monthly basis. After a while they move on to their rented house.

Real estate builders are more prevalent in the fast growing region of Delhi NCR Samridhi Luxuriya Avenue, one of the renowned real estate builders.


Samridhi Luxuriya Avenue is soon going to come up with its sports city in Noida expressway, making it easier for the people to buy property in sector 150 in Noida.

TYPES OF PROPERTIES

The real estate and brokers work mainly with three types of property

VACANT LAND: The real estate brokers also deals with the vacant lands that can either be for household purpose else for office buildings.

RESIDENTIAL PROPERTY: This property comprises of apartments, penthouses, and buildings for the purpose of living.

COMMERCIAL PROPERTY: This consists of commercial office buildings. The investment is for the purpose of office property.

BE CAREFUL BEFORE YOU INVEST

One should be cautious before spending hefty amount of money on property. Before purchasing a property, one should keep the following things in mind.

LOCATION: Before investing the most important thing that people look for in a property is its prime location. A house in the best location with connectivity to schools and hospitals is the dream location every person desires for.

AFFORDIBILITY: Properties have different rates depending upon the facilities they offer to their clients. One should invest in accordance to the purchasing power.

EARTHQUAKE PROOF: Is the house earthquake proof? A poorly constructed house can easily break off into pieces in case of any unforeseen natural calamity. Before investing it is important to make sure the house is earthquake proof.

People now spend half of their income in buying their dream property. But before buying the property a careful investment decision should be made to prevent any unforeseen contingency.

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