A normal middle class Indian generally ends up buying one house in a lifetime. If that house is used for the purpose of staying and is not going to be sold, then it is an investment that cannot be liquidated. But, nonetheless the monetary value of the property does increase overtime.
Though, there is another class of people, who buy numerous properties that are meant to be a storehouse of wealth. Such people indulge in property investment as a substitute to a fixed deposit or share market. But, there are a few things that need to be kept in mind, while taking up property investment.
For starters, property investment is a long-term investment. Returns should not be expected in the short run. It should be considered as money locked in a safe that cannot be opened for a couple of decades. It is also a market that like any other market fluctuates. Do people stop putting money in a share market because it crashes? Nope. Similarly, property market also requires patience. Fluctuating market prices stabilize overtime and investors should never buy or sell in a hurry.
Location is the key while investing in property. There are rental flats in Thane available for sale in best price. It was a far-flung area, without the basic amenities of life. But, today it is the same crowd that is raking in millions. Thane has become a hotbed for luxury apartments, premium homes and ecofriendly apartments. Property at Thane has grown exponentially over the years and it has turned into a model town.
