Properties in India are always
based upon demands of the region. The trends have changed manifolds and today's
trends are completely different from what existed ten years back. Many factors
contribute to changing trends in property in India.
Western influence: Today's property is
based upon the western structure. People like straight structures with some
fancy lining. The apartments are alike in a building to give them a uniform
structure and presence.
Apartments: These days the
properties are available in the form of apartments. Some cities in India have
large number of multi-storied buildings; while small cities in India have
two-three storied buildings for demand of the people.
Property is very much in demand.
These days' people want to live in society for security reasons. It is -not so
essential to copy their line of construction from some outer nation. There are
many young entrepreneurs who are engaged in the Property in India. They
simplify the basic model of the apartments and base their structure on this
model.
Properties in India are made out
of cement and mortar and nothing like any decorative furnishings. Therefore,
the people in India are not very satisfied with the work done by builders.
These builders are high-profit oriented and do not pay much attention to the
building material so the customers are not fully satisfied by them. However,
the consumer is so busy these days that he hardly has anytime to take care of
the responsibilities and hence depends on builder-property in India.
Such builder properties have
mortgage facility also. When a property is bought, then banks lend loans to the
investors to purchase Property in India.
These loans enable the person to purchase the property within the available
income. Banks also grant loans on the basis of two main factors - repayment
capacity of the investor, and property value.
Properties in India are
increasing day by day. These properties are purchased by the end-users and
genuine investors. End-users occupy the property and investors keep it for
future use.
These days properties in India
are dominated by multistoried apartments. These apartments are good as far as
security is concerned and also for the cultural up-bringing of the children.
