The rich can still afford to buy and sell property again and again, but for a middle class person it is very difficult to buy property time and again as his entire Life's saving might be involved in buying home for his family.
Earlier people has tendency to have a home where they can spend their livelihood. People used to live very simple life with very less expectations and dreams. But now even if you approach a middle class Income man his first choice before buying any home is Comfort. People don't want to spend their livelihood in Chaos. On an average a common man spend his more than fifty percent Life in earning; be it through Business OR Job. So when they come home they want Peace and comfort.
People have many residential options especially in Metropolitan cities like Delhi, Bangalore, Kolkata, Mumbai and Chennai. Now scenario is of Apartments and Villas as well. An apartment is a suite of rooms forming one residence; typically in a building containing a number of these. The villa features an open living area which serves as a living room , dining room and a bar cum dry kitchen.
Builders are making apartments, Villas and flats in Delhi NCR region and big metropolitan cities because they have got potential buyers here. Scenario is that when Construction not even reaches its half, people start booking them in advance. The price differs upon the facilities being provided and the type of location they are constructed in. Major factors are proper road /metro facility, Parking space available, shopping malls, posh area where civilized people are living and entertainment facilities available.
A new study of Knight Frank reveals the fact that nearly 86,000 residential properties entered the market in the financial year of 2011-2012. Compared to Delhi/NCR , the rates in Chennai went slightly down in the latter half of 2007, but since then they have grown almost 150% showing a steady upward trend, Mumbai has shown a balanced increase in property rates over the years and has been the only city to survive the slowdown of 2008-09 with no effect on property rates. Jaipur has shown 60% appreciation in rates over the years. Jaipur property rates initially showed an upward trend from 2007 till early 2008. The IT hub Bangalore has shown a very sharp fall in property rates right from 2007 and stayed on a declining trend till mid 2008, falling by almost 45% , but picked up steadily over the years.
Earlier people has tendency to have a home where they can spend their livelihood. People used to live very simple life with very less expectations and dreams. But now even if you approach a middle class Income man his first choice before buying any home is Comfort. People don't want to spend their livelihood in Chaos. On an average a common man spend his more than fifty percent Life in earning; be it through Business OR Job. So when they come home they want Peace and comfort.
People have many residential options especially in Metropolitan cities like Delhi, Bangalore, Kolkata, Mumbai and Chennai. Now scenario is of Apartments and Villas as well. An apartment is a suite of rooms forming one residence; typically in a building containing a number of these. The villa features an open living area which serves as a living room , dining room and a bar cum dry kitchen.
Builders are making apartments, Villas and flats in Delhi NCR region and big metropolitan cities because they have got potential buyers here. Scenario is that when Construction not even reaches its half, people start booking them in advance. The price differs upon the facilities being provided and the type of location they are constructed in. Major factors are proper road /metro facility, Parking space available, shopping malls, posh area where civilized people are living and entertainment facilities available.
A new study of Knight Frank reveals the fact that nearly 86,000 residential properties entered the market in the financial year of 2011-2012. Compared to Delhi/NCR , the rates in Chennai went slightly down in the latter half of 2007, but since then they have grown almost 150% showing a steady upward trend, Mumbai has shown a balanced increase in property rates over the years and has been the only city to survive the slowdown of 2008-09 with no effect on property rates. Jaipur has shown 60% appreciation in rates over the years. Jaipur property rates initially showed an upward trend from 2007 till early 2008. The IT hub Bangalore has shown a very sharp fall in property rates right from 2007 and stayed on a declining trend till mid 2008, falling by almost 45% , but picked up steadily over the years.
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