Development and growth is another synonym for mankind.  Human beings thrive to develop and grow in each field.  Since early ages, humans have discovered and invented several things which have made lives easier, better and more comfortable than ever.  Human beings are equipped with the perfect balance of curiosity and intelligence.  This amalgamation makes them crave and toil hard to get the best and innovate every moment of their life.  People simply used to produce and exchange goods in the early ages.  Stones soon became a mode of exchange and metals came in which furthermore paved the way for modern money like plastic money, coins and notes to enter.  Over these years, even the real estate sector has seen many shifts and trends have changed.  The following are some of the trends or changes which have embraced by the real estate sector over the years:

 

Property as Investment

Earlier, property was just a place to reside or to work.  The maximum a person would think of buying an extra property was as a farm house but the times have changed.  Today, people invest in property and see it as a tool of earning money.  The steep boom in the real estate sector has attracted people to invest in it and grow their wealth tree.  New projects in Ghaziabad has attracted several people to invest because the city is growing at a phenomenal rate and has huge prospects of becoming a metro city.

 

Rental Properties

The Zamindari system which did exist in India in the pre-Independence era took a new form of having rental properties.  Rental properties are bought with an aim of giving them on rent and earning money through the property.  People invest in new residential projects at a price and than sell it when the prices rise and earn a good fortune in this transaction.  The high deposit which is given at the start of the deal is a cherry on the cake.

Shifts in the Real Estate Sector Over the Years

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Project ads by Nicolas Mirguet, on Flickr.  This work is licensed under a Creative Commons Attribution-NonCommercial 2.0 Generic License.

 

Weekend Homes

Earlier and even now people who are financially well settled for a farm house where they have huge land and can grow some crops.  Now trends have changed and people want houses as a vacation spot away from the daily grind of the city.  Weekend houses have a splurging demand as they also prove as a useful destination when one wants peace of mind and wishes to spend some quality time with the family and loved ones.  There are many people who are investing in new residential projects and new projects in Ghaziabad for the same reason.

 

Home Loans

More and more people are opting for the option of getting a house because of the strong banking facilities in our country and great awareness of the topic.  Home loans are no more considered as a taboo and are viewed as a supporting stick to achieve a sense of accomplishment.  Home loans are seen as a blessing in disguise for all the people who do not wish to spend a whole lot of money in one go and rather prefer paying in pieces and parts.  Each of the new projects in Ghaziabad or any of the new residential projects in India usually have the option of paying through home loans.

 

Thus, these trends and shifts in real estate sector showcase how India has grew and develop over these years and is mountaineering to reach the top.  Therefore invest in any of the new residential projects and see how god of wealth resides in your house.

Tom
 

Arnel Ariate is the webmaster of Money Soldiers.

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