Not every piece of land is meant is meant for construction of a house, or a shop, or any other structure, for that matter. Not every bungalow or house is meant to be lived in. There is one range of property that is purely purchased or invested into for future benefits.
The trend of property investment seems to be increasing, as according to the experts for at least the next twenty years, the country will continue to experience appreciaition, with maybe a few corrective phases of an on when prices maybe on a downslide. Otherwise its all on an upward swing.
In fact, cities and towns like Pune, Nagpur, Lucknow, amongst numerous others are seeing a well-paced and positive property trend. An increasing number of people are opting for purchasing property in the developing cities, where there is large scale construction happening, as corporate and IT companies set their base there.
However, whether one lives or uses the property, every purchase is an investment. After all it is a fixed asset that would give you returns in case you ever need to sell it. Just like gold, property is also a wise investment; and any kind of property is not a waste. If used properly, it will give far more than your expenditure on it.
For example, in Lucknow, plotting is a flourishing business. If one buys a plot, then he has two options. Either to build a house or sell it after some time. Selling the plot can give the buyer up to 150% of the initial cost. Building a magnificent house is not too bad an idea. However, according to the experts, the value of a house tends to depreciate with time, while the price of plots keep touching new heights.
On the other hand in Mumbai, the rate of flats increase everyday. One flat in Mumbai is worth land of triple area space in Lucknow, or other small cities. Since there are no plots available in Mumbai flats are the only option. And no flat, in any condition, gives a loss to the seller.
To put it short and straight, investment in property in India is never a bad idea. With the rates going up and more and more people buying property, the future is visible, like never before.
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