According to Wisdom Hatch founder Akshat Shrivastava, buying flat as an investment in India is a lost proposal. In the previous post, he claims that profits are mainly for buyers, but to reconsider how Indians are looking at the purchase of real estate.
“There are three specific reasons that need to buy flat,” he says. “First, live there, it’s not an investment. In that case, you love that place and you buy it. If you can build a business, such as execution of Airbnb, you are you. Third, long -term rental yields are rarely happening.
His criticism has been on the background of the Indian real estate market, which has witnessed the growth of an uniform price in the past few years.
In 2024, real estate prices in the top seven cities in India increased 21 % with increased input costs and strong demand. For example, the Delhi NCR recorded a tremendous rise of 30 %, rising from 5,800 feet per square foot of 2023 to £ 7,550 per square foot.
Experts predict the cooling period of 2025, and the price growth is expected to be stable in one digit. Factors, such as the increase in land and the increase in construction costs, may prevent significant prices from a stable demand.
SRIVASTAVA warns that speculative purchases based on recent price appreciation are financial TRAP. “The worst reason for buying a flat is,” Oh, the price has doubled in the past three years, can you imagine the next three years? ” It is a building rate that does not have a 3 -year -old flat value.
