Real estate in India started to develop when the Indian economy started opening up in the early nineties. Nobody imagined the potential of private sector participation in real estate in India in the wake of the national policy of economic liberalization and structural reforms. However, since a level playing field came into being and the thrust of the government policy was on the embodying principles of “efficiency” and “equity” in the provision of goods and services, the boom in real estate has few parallels anywhere in the world.
When considering the Real Estate for Sale in India , several factors need to be noted before going in for a particular landed area or apartment. Since the Indian economy is booming continuously over a couple of years, the real estate prices have sky rocketed with no signs of any slowdown in the near future. Real estate in high-end business areas is now being literally auctioned off to the highest bidder, with no chance for any bargaining.
If real estate is being purchased to put up a house, then it is better to locate an area in the city where land prices are hovering within your budget. Again, if landed property is being considered to set up a business, then the question of location is important. Businesses located in remote areas will find it difficult to deliver the products and services at the right time to their valued customers. Here even if the prices of real estate are a bit high, it is better to locate the firm in a business area, even if the cost of real estate is a little bit more.