While there are many serious aspects to property investment in India, there are also some funny and interesting things to note about the industry. Here are a few:
Superstition is a factor: In India, superstition plays a role in property-buying decisions. For example, some people believe that homes facing east or north are more auspicious than those facing south or west.
The concept of "floor rise": In many Indian cities, the price of a property increases as you go higher up in a building. This is known as "floor rise" and is based on the idea that higher floors offer better views and more privacy.
Property sizes can be misleading: Property sizes in India are often advertised in square feet, but these measurements can be misleading. Developers often include common areas such as hallways, elevators, and parking lots in their calculations, which can inflate the size of the property.
Negotiation is key: In India, negotiation is an important part of the property buying process. Buyers are expected to haggle over the price and other terms of the deal.
Home loan interest rates are high: In India, home loan interest rates can be quite high compared to other countries. This can make it more challenging for some people to afford a home.
While these factors may be funny or interesting, it's important to take property investment in Nagpur, India seriously and approach it with careful research and planning.