Why Buying a Property During New Year’s Day 2023 is Auspicious?

As the passing year comes to a close and the New Year awaits its dawn, many investors are looking ahead and wondering where they should invest in real estate in 2023. We have just entered the fourth quarter of 2022, and around this time of year, investors are looking for leads on which locations are worth investigating for the following year. Typically, in the last few months of the year, we begin to see a number of real estate investing forecasts and market predictions.

But, more than understanding the various market conditions and what they can offer in New Year 2023, investors want to know where to buy real estate. They are looking for names of promising locations that will provide a good return on investment.

Let’s get right to business and discuss real estate investing in 2023.

Is Real Estate an Excellent Investment in 2023?

Real estate is always a great investment option by all means. The property market is at par or above other investment options for most people. In fact, in India, people usually consider real estate as the ultimate investment option. 

Benefits of Real Estate Investing in 2023

Real estate investments in 2023 may help you immensely with regard to getting handsome future ROI and appreciation. You can rent out your property to earn income. You can also add a stable asset to hedge against inflation. Hence, investing in property is always good for the long haul. It also ensures greater security for your family and it is a physical asset. 

Parameters of Choosing the Best Property in New Year’s Day 2023

Some of the top factors to consider include the following: 

1. Nearby work opportunities- In case an area has employment hubs which are coming up or established, then naturally there will be sizable demand for property or real estate ultimately, both from a rentals and sales perspective. 
2. Connectivity Aspects- Check the train, metro, road, highway, public transportation, and other connectivity aspects of a destination. If there are major connectivity projects or improvements coming along, then investing in an upcoming location is always a great decision. 
3. Quality of Infrastructure- Check whether the civic and social infrastructure in an area is properly developed. Civic infrastructure includes roads, drainage, sewerage, plantations, parks, other common amenities, street lighting, waste disposal, and so on. Social infrastructure covers proximity to schools, hospitals, colleges, banks, ATMs, petrol pumps, restaurants, shopping centres, and so on. 
4. Safety Quotient- Check  whether the locality offers adequate safety or not. This should influence your purchase decision as well. 

Check Out the Best Properties to Buy in Various Cities in India this Festive Season

List of India’s best Residential Cities for Real Estate Investment

Pune

Pune also has a vibrant property  market, offering numerous top projects along with great quality of life. It has always been a major IT hub, and with major transportation and connectivity improvements, it is steadily coming into its own. 

Bangalore

Bangalore has a steady and stable real estate market. The Garden City is known as India’s own Silicon Valley, and offers a growing market too, with plenty of new projects. Experts estimate 18% of sales growth in Q1 for Bangalore alone, indicating its future potential. 

Delhi-NCR

The Capital and its surrounding zones are some of the best property investment hubs. You can check out the NCR for its growing manufacturing, logistics, corporate, and residential growth. 

Mumbai (Navi Mumbai)

With the upcoming International Airport at Navi Mumbai, the entire region will witness a massive boost to its property market. The entire project may be finished by 2024 as per estimates. This will naturally  make realty a good investment option here, both across commercial and residential categories. 

Coimbatore

Coimbatore has steadily evolved into a prominent Tier-II city and is steadily becoming one of the prime realty investment hubs in India as well. It is home to several projects, and has also become one of the major IT and ITeSclustersin the country as well. 

Gurgaon

Gurgaon is a market where you will find numerous luxury and mid-range properties. There are several commercial and residential projects while the city is well linked to both western and southern Delhi, along with the IGI Airport as well. It is presently one of India’s hottest property investment destinations, while being a leading corporate, manufacturing, and start-up hub as well. ROI in Gurgaon can be quite impressive for the future.

FAQ’s about Buying a Property During New Year’s Day