5 Reasons to Invest in Real Estate in 2023
There are several reasons to invest in real estate today. However, here are the top 5 reasons why you should invest in the growing real estate market of Indore-
1. Growth of Tier 2/3 cities
2. Government initiatives
3. Positive infra investment
4. Market reversal period for real estate
5. Increased interest in plot investment
1. Growth of Tier 2/3 cities
The demand for living spaces in Tier 2/3 cities like Indore and Jaipur is rising. Millennials looking to own a place also prefer putting their money in a city like Indore. The obvious reason is the availability of the same resources at a lower cost compared to the metro cities.
As a result, the demand for plots in Indore is increasing. Companies like Ruchi Realty have come up with projects like Ruchi Lifescapes, Oscar Pride, and Saatvik Vihar. These townships offer premium land pieces to build your dream abode.
2. Government Initiatives
The government’s focus on key policy initiatives such as “Housing for All” and the Pradhan Mantri Awas Yojana has been accompanied by the development and construction of large-scale infrastructure projects such as highways, new airports, and metros. These efforts are expected to boost both the quantity and quality of real estate properties.
Interestingly, the growth of the real estate sector is accelerating in Tier 2 and Tier 3 markets, offering significant returns on investment for investors.
3. Positive Infra Investment
As densely populated cities become increasingly crowded, many potential buyers are exploring Tier 2 cities like Indore and Jaipur, as attractive alternatives. These regions are quickly emerging as real estate hotspots, with a thriving plotting market. In the upcoming fiscal year of 2023-24, Indore will offer a diverse range of investment opportunities in both residential and commercial sectors.
Real estate projects like Ruchi Lifescapes, Oscar Pride, and Saatvik Vihar by Ruchi Realty opened gates for affordable yet one-of-a-kind plot investment opportunities.
4. Market reversal period for real estate
2022 proved to be a remarkably prosperous year for the real estate industry, particularly for residential and retail segments, which successfully bounced back from the COVID-induced lows and posted robust year-on-year growth. The domestic demand for real estate remained steadfast, playing a pivotal role in propelling the sector’s upward trend.
The upward trend is to survive in 2023 with an inclination toward plots.
5. Increased Interest in Plots
Plots provide more freedom to build your dream house. You can design your place from scratch with a surety about the neighbourhood and adjoining amenities. Due to the restricted availability of land or plots, they hold more value than flats and have a higher appreciation rate.
Ruchi Realty is offering affordable luxurious plots in the prime locations of Indore.
