2012 was a good year for the Indian real estate market. Residential property prices in India had a dream run and went up by 30 to over 60 percent in the national capital region (NCR) of Delhi. Experts feel that 2012 will also witness growth in property markets but prices will not rise as steeply as in 2011.

In the suburbs, prices almost doubled during 2010. Gurgaon, Noida, Mayur Vihar, Patparganj, Dwarka, Rohini, Paschim Vihar, Vaishali, Indirapuram and areas as far-flung as Ghaziabad witnessed unprecedented surge in property prices. In Gurgaon, a three-bedroom flat on 1600 sq feet was available for Rs 1.2 Crore to 2 Crore in early 2012. Now, prices have gone up to Rs 1.5 Crore to 3 Crore. In Noida, a similar flat was available for Rs 70 to 80 lakh in January 2011. Today, the same flat costs anywhere between Rs 90 Lakh to 1.2 Crore.

In fact, the pace of price rise in 2012 was so steep that property dealers found it difficult to keep themselves abreast of the latest prices in their micro markets. A dealer said that they show a property to a buyer only if he is ready to buy the property within a fortnight. If he sees the property, takes the price rates and comes back after a month to do the deal, the deal can't be done because prices have gone up.

Such escalation in prices happened not only in the national capital region of Delhi. In most cities in India, the scenario was more or less the same, though the price rise in Delhi was the steepest. According to a report in some of the micro-markets within Bangalore, Chennai and Pune, residential property prices went up by almost 50 per cent. Mumbai, however, did not witness very sharp rise in prices during 2012. Prices in the main city areas like Worly, Cuffe Parade and Malabar Hills saw some correction. In suburbs like Santacruz, Andheri and Bandra prices firmed up by 5 to 10 per cent.

All major markets - metros and Class A cities - across India are witnessing extremely high rates and a high degree of suburbanization. Following a lag in infrastructure development, currently most suburban areas are witnessing greater infusion of capital for upgrading infrastructure. Better road connectivity, public transport networks and dedicated business promotion zones are being set up by the respective state government. This has increased the attractiveness of living in such suburbs. Social infrastructure, in terms of schools, medical facilities, colleges, etc., is also fast catching up to cater to the now increasingly profitable suburban audiences. A similar growth trend is visible now in tier II cities like Ludhiana, Chandigarh, Jaipur, Hyderabad, Kochi, etc. Business led demand for commercial office space has fuelled demand for residential and retail properties

These days more and more individuals are becoming interested in investing in rental property due to the huge number of benefits provided by having rental property  in India.  One of the biggest of those benefits is the reality that when you invest in rental property, you are able to take ownership of a possession that is concrete.

If you have actually had issues about investing your tough made cash in monetary instruments in the previous however are mindful that you require to invest your cash in order to expand your wide range, real estate provides the best option. Even with the existing softening of the real estate market, investing in real estate stands for an exceptional financial investment chance.

Earnings is an additional incredible benefit of purchasing rental property. While you will should subtract the home loan repayment if you fund the property and any appropriate expenditures, a rental property is frequently able to produce continuous earnings for you.

The worth of recognition must not be ignored either. Usually, such properties enhance in worth in time. While gratitude can never ever be assured, if you put in the time to select a property in a location that is steady then there is an excellent possibility that the property will remain to enhance in worth as time passes.

Rental property owners are additionally able to take benefit of leverage. As an outcome, you are able to start taking benefit of the advantages provided by having rental property while just investing a portion of the overall worth of the property.

Tax benefits are an additional crucial perk of having rental property. If you get a home loan on your property, you will often have the ability to subtract your home loan interest repayments. There are additionally a lot of various other tax reductions which can possibly be taken when you have rental property consisting of the expense of repair works and enhancements.

The reality that you can be your very own employer when you buy rental property is an advantage which needs to not be undervalued. Whether you are thinking about stopping your existing task to become a full-time rental property investor or you are wanting to support your existing earnings, you can take advantage of the reality that there is a remarkable quantity of freedom to take pleasure in by possessing and running rental property.