The beautiful journey of SKB Group started in 2005. One of the best real estate developers in Delhi and NCR; it is the brainchild of two brothers Mr. Vikas Pundir and Mr. Siddharth Pundir. Both well-renowned personalities in the real estate industry; their vast experience and knowledge of the industry caused the inception of SKB group. Their dedication and hard work have made this company what it is today.
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the commitment of funds to property with an aim to generate income through
rental or lease and to achieve capital appreciation. Real estate refers to
immovable property, such as land, and everything else that is permanently
attached to it, such as buildings. When a person acquires real estate, s/he
also acquires a set of rights, including possession, control and transfer
real estateINVESTMENTis crucial because it usually involves
a substantial investment and a long-term one. Moreover , the real estate market
can be unpredictable. This is particularly important when one goes beyond
buying a home to actually 'investing' in real estate.
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How many Mercedes can you sell in the land of Marutis?
Not every one understands the dynamics of real estate and why the market is down. So let us understand the scenario in the real estate sector vis-a-vis the auto industry. Why is the real estate sector facing a slowdown in India while the auto sector is doing fine? If people are buying cars and bikes, why are they not buying houses and preferring to stay on rent?
In most of the developed countries, people own houses and cars are taken on long-term rent or, as they prefer to say, lease. So why shouldn't the same scenario be in India, especially considering that a house (or any property you buy) is an appreciating asset (well, most of the times!) and vehicles are a highly depreciating asset, with most experts considering the value of a vehicle equivalent to nil after 8 years?
The very first thing you learn in economics is demand and supply. When the demand is high and the supply is low, the market goes up and vice versa. There is a…