The first 10 years of the fresh century contains witnessed a paradigm shift in the properties scenario of India. An instant growth of the real estate sector, an unmatched growth in the society (estimated in almost 55 percent), an influx of investments coming from multinational companies (primarily by western countries), a rapidly elevating urbanization and a resultant urbanization of prime urban centers like Mumbai, Kolkata, Bangalore and Delhi has changed the demography and dynamics of real estate in India drastically. With the growing number of properties developers in India, a large number of questions occur like how to buy real estate in India? Ways to identify the property that best suits your investment goals and lifestyle?
The foreign investors whom come to India with respect to investing in real estate property are in many cases either from developed countries like UNITED STATES or out of Asian countries like Malaysia and Singapore. Even though most of the international investors going to India are from created countries, yet there is a section of the world that comes to India for buying real estate and in many cases; they end up as direct foreign nationals, thereby which affects the demographics of the nation. In order to house this problem, the federal government of India has used a strong step and opened the gateway of migrants. Though the federal has not reduced the process of immigration, yet they have liberalized the procedure, which in result real estate services has been seen positively by both the governments plus the population who want to migrate.
Even though, the major issue faced by investors purchasing property in India is that they face complications associated with the Of india Real Estate agent, since the agent in India is still thought to be something of a second-rate organization, even following the amendment for the law over the service providers. This may lead to a lot of frustration among the prospective sellers and buyers of property in India, as they are frequently not satisfied while using the services of their real estate agent. This kind of dissatisfaction and inconvenience may well culminate in the failure belonging to the transaction to materialize over the seller’s end. This is why, it is necessary for the investors inside the real estate market of India to follow and comply with the guidelines and legislation laid down by the federal government in order to avoid getting scammed and ripped-off during the transactions.