5 Myths about Bangalore Real Estate

The world of real estate is a vast one and includes investments in big amounts from people. As such, the industry is looked upon with careful suspicion and has many myths and misconceptions surrounding it. Some of these myths and the reality facts behind them include:

 

·         Realty Developers Delay Construction Projects Deliberately: One of the greatest myths of the real estate industry is that the real estate developers deliberately delay the completion of projects. People often say this is done to incur more and higher profits from the projects. However, this is not true. The efficient developers don’t delay projects and work hard to get them completed on time effectively. This is because the delay in projects means additional material costs, workforce and other hidden expenses which are not beneficial for the developers to complete their new projects in bangalore. As the completion of a project also depends on the approvals of civic bodies and organizations, these approvals gets delayed which is why the process becomes lengthy and delayed.

·         Investing in Real Estate is Risky: This statement is often heard when someone plans to invest in the real estate industry. Investment is always risky a bit, in any form. That doesn’t lead the real estate market as highly risky. In comparison to the busy stock market, the real estate market is much stable. A calculated decision and evaluation of all factors before investing in a property always make the real estate market a favourable one and profits for the buyer. The real estate properties give good returns in long term plans and often only the short term investments seem to provide loss to a buyer.

·         Real Estate Market is always Profitable: There are many people who believe the real estate investments are always profitable as the property values always rise and never fall. Though a particular real estate property never loses its value in the long run, unlimited profits throughout its lifetime is not guaranteed. The rise in prices and value is never an unending process- after the saturation of the market; prices will definitely fall down and would fluctuate.

·         Realty Developers love Price Rises:  This is a common myth among people and they always think that the continuous rise in property prices is what the developers love and always want. This is however, not true. The continuous rise in prices is not favourable for the developers. They don’t look for unrealistic price hikes of the properties- a rise in price is good till its conformity with the inflation process. If a particular project is priced too high, it becomes problematic for the developer to deal with the next set of land for another project. Only the new developers of the market and the ones who aim at making easy money are happy with the continuous price rise.

·         Big time Developers always deliver Best Projects: This is a big conception and a heavy disbelief in small time developers. Often it can be seen big developers fail to fulfil their projects and commitments according to the wishes of the buyer which shows they don’t always deliver the best. There are many mid scale and small developers who fulfil the commitment of the buyers producing beautiful and qualitative projects.