- By, sumit
- 03 Jun, 2023
thers fail. Sometimes this failure happens because of common myths associated with buying a property in Greater Noida or any other location. Let us burst some of these myths.
Investing in property in greater Noida
Everyone aspires to buy their own house and become a landlord. While a large number of people succeed in fulfilling their dreams, others fail. Sometimes this failure happens because of common myths associated with buying a property in Greater Noida or any other location. Let us burst some of these myths.
You need good luck to invest in a property
Many people think that buying a property in Greater Noida or anywhere else is not a dream for the middle class population. Only the rich and lucky can buy property. But this is a myth. If you have a long term perspective and calculate the money invested in a rented flat for a tenure of ten to fifteen years, you will find that it would have been better if you could have spent the amount on buying a property in Greater Noida or elsewhere. , To be honest, you don't need wealth to buy property. All you need is pre-planning and reinvestment of the amount you spend frivolously every month.
Making a hefty investment in real estate is usually very risky
Many people associate investing with high risk. But it cannot be considered as a generalized formula for all types of investments. This is because investment in gold, stocks or diamonds is subject to market risks. You may lose your profit if the market condition turns bad. In aggressive down market conditions, you may even lose the capital you have invested. But it is completely impractical to compare this scenario with investing in Greater Noida or any other property.
Property prices never fall. Instead, they tend to skyrocket in the most unexpected ways and at the most unexpected times. The property you buy today in Greater Noida or anywhere else can give you ten times more returns in the next two decades than when you plan to sell it. Hence, investing especially in property is never a risky deal.
Purchasing a home is good only when the market scenario is favourable
When you invest in stocks, mutual funds, gold etc., you have to be vigilant about the market scenario. Investing should be done only when the market is up, otherwise your investment goal may get shattered. But it cannot be equated with investing in property in Greater Noida or elsewhere. So, take it straight as a myth. As you know, there is no dull market phase for property. Even if you happen to buy a property in an extremely depressed market condition, you cannot expect the price of your chosen property to change at all. Hence, there is nothing like a favorable property sale guru when you think of investing in property in Greater Noida or anywhere else.