If you are one of those who are looking to buy a house now, then better to buy it now rather than waiting, as the property prices may raise further. It is the right time to invest in property, suggest experts. But , if you want to sell then better to wait for an improvement in property prices and real estate market sentiments.
Appreciation in value of property depends upon the city and location too. In Delhi NCR Real Estate Market, Gurgaon is rising as a preferred real estate investment destination with the areas like Sohana Road, Golf Course Road and upcoming Dwarka Expressway. However investments along Dwarka Expressway should be made with a long-term horizon as the expressway has not built yet and there are parts of it that are still being acquired. So we can say that this has good potential in the longer term, a 2-3 year perspective still seems too close for comfort.
Noida Extension cannot be considered as a safe investment till the final verdict from the NCR Planning Board, which is expected to be on June 15, 2012. In Greater Noida, with the proposed international airport plan scrapped, sports and education are the two main drivers as of now. On NH-58, one can look for options in Raj Nagar Extension as one can find budget homes there.
Navi Mumbai is acquiring good infrastructure which will result to better value realisation as well.
Hyderabad has been a robust market and is now back on track after the Telangana issues. Residential property prices in Hyderabad are stable and in some areas inching up due to demand exceeding supply levels.
Data show that residential houses generate higher return as compared to apartments in a 7-10 year time horizon. In large cities, commercial and retail spaces are also proving to be potentially lucrative investment options.
It has been observed that, values of plots rise more than residential apartments, but the problem is that they are more difficult to maintain. However if you invest in a secure gated community with common maintenance, the investment remains safe. But there are many instances of encroachment and for an individual it may be difficult to tackle those.
Author is a Real Estate Professional