"Residential properties offer you living space, while commercial properties grow businesses. Choose your investment wisely. Best property deal in Noida. Andrew Carnegie, a Scottish-American industrialist and philanthropist, said that “90% of all millionaires become so through owning real estate. ” It is evident that real estate is a strategic move towards wealth building. Investors are drawn to this sector because of its short-term and long-term financial gains, rental income, and getting value of these tangible assets in many other forms. The 2020 Coronavirus pandemic hit the economy hard and likewise the real estate market got affected and the investment depleted by leaps & bounds but since the economy’s advancement towards investment, the commercial spaces have seen a surge. In fact, new concepts of data centres, REITs, and co-working spaces have emerged and are booming. Similarly, residential investment has also improved. In fact, The government has also made significant contributions to help boost investment in the real estate Noida region as well. In this blog, you will understand the nuances of where to invest, which among residential or commercial is a lucrative option for you to make an informed decision in 2024. Residential Vs Commercial Real Estate History is proof that Indians are wise investors. For us, real estate investment is an attractive option to multiply the wealth and also pass onto our generations. Over the years, more and more people are widening their options and also considering either residential or commercial properties. But it also raises an important question, “which is better from an investment standpoint”? Residential Real Estate A Residential property is the one that is used for living purposes, for instance, houses, plots, condos, townhomes, multifamily homes, etc. These properties are an absolute favorite among Indian investors due to its stability and consistent demand. Residential properties are in constant demand due to the necessity for shelter, which makes them a dependable source of rental revenue. Furthermore, first-time investors find these deals easier to navigate due to their simplicity. Studies have shown that by 2024, the Indian residential real estate industry is expected to be worth 35.47 trillion USD and by 2028, this market is predicted to have grown at a compound annual growth rate of 2.97%, with a total market value of 39.88 trillion USD. These stats indicate growth and this is happening due to the growing middle class and government programs supporting affordable housing that drive up demand for residential real estate in India.
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