4 reasons why you should invest in Villas or Luxury Properties in India
Yes I have joined the bandwagon too, I am now officially apartment hunting for my second real estate investment. Now every weekend I have a fixed schedule of searching and visiting Villas and apartments for sale.In one such luxury apartment that I had visited I got the opportunity to speak to the owner in person. I asked him why he was selling the perfectly good apartment (they were staying in it) and he told me because he planned to buy a villa.The percentage of people who are opting for villas or luxury apartments is much more than it was 10 years ago. Why is that? I thought of these points:
Value increases consistently
One of the main determining factors of a luxury property is its limited nature, the smaller the number, the greater the price. The number of such properties remains limited but with the consistent population increase and the increase in wealth the demand is always on the rise. And as we all know the skewered demand-supply ratio affects the price/value of a property, hence investors for luxury properties do make a huge profit.
Why not live in luxury when you can afford to
A very interesting point to note nowadays is that the demand for luxury properties and villas has seen a huge rise in different classes of society. This is because with rising incomes and increase in family size what was earlier viewed as luxury is now seen as a necessity.
Attracts sound prices during Resale as well
Again the steep pricing of the properties and its exclusive nature attracts foreign investors. These investors buy real estate properties all over the world and usually do not compromise on the financial aspect for truly deserving properties. This is very important factor to consider during a resale of an existing Luxury Property.
Fetches huge returns
The luxury properties sector has given rise to a segment known as “one of a kind properties”. They have rare features matching global standards, are sold through invitation only and a value that only increases with time. The main aspect about a luxury property or a Villa is that its premium nature always pushes its value in the real estate market. The best part is that unlike other properties its appeal unfailingly increases down the years.Do you have any such experience involving the luxury property’s market? Do drop a line if you do, but if you don’t, then do not hesitate to post your questions here.