The real estate industry of India is one of the most loved sectors of all. No matter what the conditions may be but the people never stay behind in investing money in property. But since a few years there has been a decline in the popularity of the sector with people showing less interest in it. Still there are some people who have not kept themselves aloof and are always looking for brighter prospects.
So if you are one of those enthusiastic who feel that investing is definitely a smart thing you have come to the right people. Today we will talk about investing in property in tier 1 and tier 2 cities. The main question is that whether you should invest and if yes then what should be your choice.
Tier 1 Or Tier 2 Cities – Which Have Better Prospects
This is definitely a big question in the minds of the investors because the ultimate motive is to double their prices. Some of the experts are of the view that investing in tier cities is a good choice as the growth prospects are bright and there are higher chances that your property will be valued and you can get good amount for it. On the other hand there are people who hold the view that buying property in the tier 1 cities is a better choice especially with respect to the investment.
Then there is a third party as well which holds the view that there is no difference whether you invest in tier 1 cities or tier 2 cities, it is just about the location and the amenities offered. If both these things are excellent, there is no doubt that it will seek the attention of the people and you will be able to get a decent amount in return.
Investing Tips To Follow
But in case you hold a view that investing in tier 2 cities is a superb idea, you need to be careful and keep the below tips in mind.
- Investment is a bit tough in such cities and so you need to be smart enough to take the right decision.
- If you are not living in the same city you need to shoulder additional responsibilities which in turn is a big headache
- Regular inspection is needed or else you might lose the property
So it will be good if you look around nearby cities only as it will be easy for you to manage and handle it well thus keeping you stress free.