India is a land of many charms. Its rich culture and heritage, diverse population, and a growing economy are some of the factors that have made it an attractive place to invest.
The Indian economy is rising at a steady rate. This has led to a growing middle class that has more cash to spend and is looking for better living conditions. As a result, there has been an increase in demand for housing and other types of real estate. This is good news for investors as they will be able to take advantage of the rising prices.
India is home to many different religions and ethnicities. This means that there are plenty of people who would be interested in investing in property in India as well. There are also many different types of properties available including apartment buildings, bungalows, villas, houses, townhouses etc.
India has developed infrastructure facilities across the country which makes it easier for foreign investors to operate their business here without any restrictions on what they can do or how much they can invest.
Some reasons why you should invest in property in India are listed below:
1) Increasing demand for new houses and plots
The population of India is increasing each year and so the need for sasta plot in Lucknow and commercial space. The demand for both is increasing. Thus, an investment in property will bring good returns.
2) Increase in Regional Development
The government of India has started investing more in regional development rather than just concentrating on cities like Mumbai and Delhi. This has led to an increase in demand and prices of properties in other cities such as Pune, Bangalore etc. An investment here will prove beneficial to the investor.
3) Higher Rental Yields
As there is an increase in demand for residential and commercial spaces, the rental income received by real estate owners have also increased. It can go up to 10% per annum with proper investment strategies and planning.
4) The Indian Government Is Investing In Infrastructure
The Indian government has announced that it aims to create 100 new ‘smart cities’ by 2030. These cities will include smart infrastructure like roads, public transport, water and electricity supply, sanitation, education and healthcare facilities. This development will improve infrastructure for both businesses and citizens, which will drive growth in the economy and real estate sector.
The government has also recently announced that a bullet train will be built which runs from Mumbai to Ahmedabad. This will significantly reduce the travel time between these two cities from seven hours to just two hours. The announcement of the bullet train has already seen a rise in property prices around railway stations along the proposed route.
5) Good Return On Investment (ROI)
You will get a good ROI on your investment if you buy LDA approved plots in Lucknow that are up and coming or have great potential, as well as good projects by reputed builders. You can also get a good ROI if you buy a ready-to-move-in house near a metro station or other infrastructure project that is ongoing.
