The laws of demand and supply govern every activity of our life, not just economics. Whether it is the stock market or gold or real estate, prices and demand and the supply – they all have a relationship with each other. People flock to a particular commodity if its supply is less, whereas if the supply increases, then the demand for that commodity also reduces, along with its price.
But real estate, by its very nature (with land in the world being limited, and being used up daily, is one area where the supply keeps on diminishing over time, and therefore demand is always there. If you have an apartment in Kottayam or any other city of South India, you can easily sell it at a great price because there will be always demand for it. Let us look into real estate in more detail.
The best option in real estate is to buy villas and apartments in places which have continued growth, and then wait for the prices to rise so that you can make a neat profit by selling it. Or you can also use the owned property as your home. However, buying land plots is not a good option because if you are doing the construction by yourself, then you need to spend a lot of time with the architect, contractors, and laborers. In today’s hectic times, not many would be able to spare that kind of time.
So if you want to profit from the great investment opportunity of real estate but don’t have time to have your home constructed yourself, then you need to purchase readymade flats from reputable builders. A promoter or builder with an impeccable reputation will give you the happiness of a great investment without any of the hassles.
When we choose a flat to buy, we usually spend all our time in assessing ... Read more