In India, it is true that in many cities, speculation has played a role in hiking the prices beyond what most buyers can afford, but after that when it comes to basics, the government has put on offer many schemes which include low-interest rates and other incentives and hence, the excitement is back in the real estate market. The real estate market basically works on the location viability and which is really an important factor in real estate investment.
Importance of location in real estate purchase always seems to be overestimated. The reason is that the location is what translates into profitability for the investment. Location, primarily, creates the desire for a purchase and the desire, in turn, creates demand which causes a rise in price.
Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global and Chairman, ASSOCHAM – National Council on Real estate, Housing & Urban Development said, “Buying a home brings pleasure to a lot of people. The aspiring homebuyers do take a good look at the locations that are the talk of the town. The location plays a vital role while finalizing a property deal and as well as it is also considered for the best investment purpose. Location matters a lot while purchasing the real estate property because it will have a large impact on your home’s value. Adding on, New Gurugram and Sohna Road has come out to be one of the most preferred locations amongst the homebuyers for dwelling in as these places are developing as a hub for commercial and entertainment activities and are amongst the most preferred locations to stay in the NCR region with its proximity to Gurgaon and link to Delhi-Noida.