Real estate - The gold mine of new opportunities
By: Ashwin Panday on Thursday, August 07, 2008, 06:06:45 PM
2 Reponses

Real estate today is one of the most potentially bright sector that has occupied a very vital place in the economy of India. The last few years have seen the phenomenal rise in this sector.This is the main reason why more and more investors are now turning towards it. It is due to a tremendous boom, this sector has emerged as the most viable earning option for those who want to make it big in a very short span of time. Since India is the seventh largest country hence there is no shortage of land here.

However as the population curve is on the upper side, therefore in the last few years the importance of real estate too has increased manifold. Due to which many investors in the name of real estate developers have made entry into this sector. Since they are backed up by huge capital funds hence they buy huge pieces of land near and around the potential places, highways and under-developed places. Hence, they buy, sell & rent property at astonishingly high prices which in turn serves as the profit for them. But the main way by which these real estate developers earn profit is by selling plots or by constructing, building and then selling of the flats, penthouses and suites built on the same piece of land at an unbelievable price.


The intensity of the boom in the real estate sector can be measured from the fact that Ghaziabad, a city that falls in the bracket of national capital region has been declared as the 'sixth most dynamic city to live in' according to a global survey that was conducted in the entire world. The main reason why Ghaziabad featured at the sixth place in top 10 countries is the fact that it has got a great infrastructure and near about 21 malls that proves why Ghaziabad is one of the hottest place when it comes to the real estate. Not only Ghaziabad, Noida and Gurgaon are also on the radar of these real estate developers. The only ill effect that these real estate developers are the ones who can be held responsible for the abnormal rise in the prices of real estate. The buy, sell, rent property is the main target of these all real estate developers.

However there is no need to fret for one can always bargain his end through to get a decent offer for the desired piece of property. All you need to do is to study the property markt carefully, explore all possible options available to you before you take the final decision to buy or rent property for self use


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1.  Saraswati Menon Says:

Friday, August 08, 2008, 07:02:42 PM
you are right we must bargain well with these realtors as they tend to quote exhorbitant sums sometimes

2.  rinku sharma Says:

Friday, August 08, 2008, 07:02:38 PM
There has been a greatboom in the real estate sector

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