Realty in India has often stood out as one of the most exciting investment opportunities among individuals. The growth in the real estate sector has gotten amplified with the ever increasing growth in the economy coupled with an increase in the purchasing and spending power. With the growth of the sector on one hand, there are also some deep rooted myths which the sector has been dealing with.

Regardless of whether you are into the realty business or not, if you are intending to put resources into land, here are some myths you will go over, while considering a property purchase:

Property Investment Depends On The Market Situation

There are numerous investors who are first time buyers, who need to contemplate other factors also before investing in a property apart from the market scenario. Aspects like personal affordability, bank home loan interest rates, your age factor and so on can play an important role in making the wise home buying decision. On the off chance that you are thinking about purchasing your home at a more young age, at that point you are probably going to claim your home sooner. It is imperative to get the right support from a financial planner, rather than keeping the market situation as the sole base for your property deal decision.

Investment In Real Estate Is A Risky Affair

Real estate is often seen as a very unsafe idea because of the market being extremely unstable. While yes, there are often odds that the market can go down significantly lowering the sales returns that you will get at the time of sale, but the fact is that every transaction comes with a certain amount of risk. Realty ventures are thought to be of great interests when they are held for longer timeframes. You can significantly decrease your dangers by putting resources into a property that is encompassed by some infrastructural pull.

Developers Delay Projects On Purpose

Property investment is often threatened by a concrete myth that the plan will be delayed by the investor. Most people think this to be a trick by the realty developers, however while project delay seems to be the most common problem, most of the big developers will swear an oath by the fact that developers never delay the projects without any purpose. A knowledgeable and professional developer like Vinod Goenka, Director of DB Realty, a reputed realty firm in the country is likely to try their best to ensure delivery and completion of the given projects as a delayed project is also an additional expenditure for the developers.

Metro Cities Are The Only Places Suited For Good Real Estate Investments

The fact is far from this myth. According to sources, the metros are now saturated with developments and are not seen as a much value-buy from an investment perspective especially for the middle class. Focus for the next phase of real estate boom is now shifting towards Tier II and Tier III cities, which are now experiencing the infrastructural boom, making it the right time for investors to plug in their funds. Pune, Ahmedabad, Ludhiana, Coimbatore and Lucknow are some of the cities that are being looked at as viable investment propositions by veteran developers like Vinod Goenka, guaranteeing good returns for the future.