Second Home, Best Investment for Future
According to Gaurav Mittal, the CEO of CHD Developers, "If you are planning for a second property, you should not mind investing on the outskirts of your city. With the passage of time, most cities expand and gradually incorporate the outskirts into the main city. As the rates go up in the main parts of the city, one should not mind investing in outer or little known areas of the city," reports Economic Times.
However, industry expert stated that potential home buyers, who are keen to invest in second homes, should be very careful. Home buyers need to choose projects cautiously.
Nikhil Jain, the CEO of Ramprastha Group, cited that “This is a clear indication that the present generation know for sure that investment in property would help their cause when the chips are down."
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