Stocks, cryptocurrencies, and nearly all other financial assets have seen significant price erosion.
Inflation, rising quickly and alarmingly, eroding people’s purchasing power. Bank fixed deposits, and other fixed-income instruments fall short of mitigating the effects of inflation.
To date, central banks around the world have responded by raising interest rates, as was seen with the repo rate hike, but this is raising concerns about slow economic growth or even recession because the economies are still dealing with a number of issues. Fears of a recession are extremely important in some economies, such as the United States.
However, you, as an Indian investor, can benefit from all of these by exploiting such negatives to your advantage and going on to purchase affordable flats in Kolkata.
Good News for NRIs: Affordable Flats in Kolkata
According to data, the number of NRI customers looking to buy property in India increased by 117.7% between January and June 2022 when compared to the same period in 2020.
For NRI investors, the decline of the rupee appears to be sufficient motivation. For NRI investors, buying real estate has always been a popular option. They are using their increased purchasing power to invest in real estate because the currency’s depreciation gives them a better return on their capital.
So, if you’re stationed outside the country, this is great news. Investing in Indian real estate can indeed turn out to be an excellent proposition, especially some of the top-notch 2 BHK flats in Rajarhat, Newtown.
Why Invest In Indian Real Estate?
On the other hand, despite several relatively lean years over the last decade, India’s real estate market has grown rapidly. According to industry indices, real estate prices in the country rose by roughly 70% in absolute terms between June 2012 and June 2017. Following the blip caused by the pandemic, a recent Reuters poll predicts that this momentum will last for the next few years, with residential unit prices expected to rise 7.5% in 2022 and roughly 6% in 2023 and 2024.
These figures should excite you as an investor because adding a property in India to your portfolio provides you with a tangible asset that is safer, appreciates in value over time, and recoups a portion of your initial investment through monthly rent payments.
There are several reasons why property demand in India is booming. First and foremost, an increasing number of people want to buy or lease homes because they believe it is a good investment opportunity. Furthermore, the Indian economy has been expanding rapidly for many years, resulting in rising wages and increased consumer spending power.
Furthermore, the cost of living in Kolkata, coupled with the advantages some of the premium and posh locations provide in Kolkata, make for a compelling proposition.
Why Is 2022 A Good Year to Start?
In 2022, there are several reasons to invest in Indian real estate. For starters, the market is still young, and there is plenty of room for expansion. Second, India’s expanding middle class is looking for low-cost housing options that meet their requirements. Finally, the government has announced several initiatives to assist the real estate sector, such as increasing credit availability and improving infrastructure. So, whether you’re an individual investor or a company looking to enter the Indian market, now is a good time to consider investing in real estate in India.
Avaasa’s Affordable Housing in New Town
Ideal homes aren’t just a pipe dream. Investment properties in Rajarhat can be chosen randomly, but this does not guarantee a wise investment decision. On the other hand, your future is secure, which can be attributed to Orchard Avaasa’s trust and assurance. Apart from its well-thought-out living spaces, cutting-edge amenities, and diverse range of entertainment options for everyone, affordable housing options by Avaasa in Newtown also offers excellent value for money.
Orchard Avaasa in Kolkata’s Rajarhat district is more than just an apartment.
It is the pinnacle of modern paradise.