The prices of houses and godown for sale in India experience a constant rise known as capital gains. This factor makes real estate investing a very profitable practice. However, said increase will depend on certain factors of the property, and it is recommended to take them into account.
The price increase in apartments is growing year after year, buying an apartment now is much more expensive than in other years, but what influences the price of an apartment, let’s see below what factors intervene in the price.
Factors that intervene in the price of an apartment
The main factors that intervene in the rise in prices of apartments in the country is the condition of existing political economy.
The value of the neighboring country’s currency creates a great direct impact on the price of inputs in the country such as cement, which is acquired very expensive, due to this the properties increase their value.
A recessive economy within the country causes the rise in the price of real estate, as well as government policies, the incentive of credit programs and fiscal reforms increase interest rates and therefore the increase in house price.
Other criteria that affect the price increase of the apartments
Supply and demand are other important criteria that affect the prices of a land for sale in Gurgaon. When the offer is insufficient, then the amount requested by a department is much higher, due to the competition between sellers is very little, which allows sellers to set prices without taking into account the competitiveness of their product.
On the other hand, demand includes high prices, during high demand attracting buyers are not considered very important or fundamental.
Keys that determine the price of an apartment
The location: proximity to shopping centers, sports areas, proximity to means of transport, schools, hospitals, etc.
Additionally, the price may increase if in the next few years it is planned to build a large shopping center, an airport or an automotive plant, among others. This will attract more infrastructure and your home will be more valued.
The surface: the size of the property, number of bedrooms, number of bathrooms, providing it with the necessary services (water, electricity, drainage) and extra services that count (telephone, internet, cable TV, etc.)
The quality of the construction: the architecture of the apartment, common areas, entrances, elevators, the construction material used, the finishes, heating, air conditioning, etc.
The conservation of the apartment: the current state of the conservation of the property as well as its age must be verified.
The price also depends on the floor
The departments in the same building, even if they are identical in size, have different costs. That is why these apartments are set a different price depending on the floor in which they are located.
We invite you to contact property dealers in India and clear up your doubts, because they are professionals and you can trust that they will do a good job for you.