traversed the population in
The population in India has almost China and has become the most populous country. Now, this incredible surge of people in the nation definitely has a major impact on the real estate that has to be accessed.
In The Real Rich Show, Mr. Atul Goel, Goel Ganga Group Owner while elucidating the consequence of the spurt in population says, The very first and foremost impact indubitably is that additional abundance of houses is expected to accommodate massive digits of people. Secondly, More people need an elevated number of employment vacancies and opportunities. Now obviously, the enhanced need for occupational or livelihood recourse can’t be fulfilled in townlets and small cities and hence people are going to depart from their respective hometowns and migrate to accommodate themselves in the big cities, one as Pune.
Mr. AtulGoel Ganga Pune, the author of The Real Rich said, The whole regional plan of The Pune Metro Regional Development Authority (PMRD), is 7600 square kilometers. They are planning the ring roads and the distinctive economic centers. All these will create many employment alternatives, and a lot of schools, colleges, and universities would come up. Initially, they would land here for educational objectives than for employment motives.
the go hand in
hand. Any fluctuations imbalance isn’t a healthy indication for the economy. As an industry, there is a persistent need to match up the demand and supply. The over-demand for housing has to be overcome by Oversupply due to a huge number of industries coming up in Pune.
Atul Goel Pune clarifies that there already exists a buyer (the demand). If there is a person who has migrated to Pune, is able to generate a handsome income, and is residing in a rented apartment, there are banks that are ready to lend him the money if he is ready to pay the monthly payments more commonly known as EMIs.
Catering to the already prevailing demand can not be treated as oversupply. Glancing towards the over demand which the city has cultivated because of the new educational institutions, medical facilities, new industries, and new data centers and the population growing by 35-40 percent year on year.
To sum it all up, Atul Goel said, there exists no prosperous situation if there is a situation where supply is less and demand is more or vice-versa, that is when demand is more and supply is less. The fairest situation is when these are in equilibrium. This would even help the buyers to get their demand fulfilled at an optimum and reasonable price while making themselves available as a prudent investment option.
Similarly, investing in real estate comes with a prerequisite of decent research by referring to someone who is very intensively into it.
And hence Atul Goel Ganga has initiated the real bridge series – The Real Rich Show and wrote the book, The Real Rich, committing to the industry to grow and sustain while empowering the buyers to be wiser while making investment decisions, lending them an eye to look upon The Real Estate Sector.
Atul Goel Pune further says, Real Estate neither is barely a product nor an investment but a product plus investment. It’s not just a product that you consume and forgets about it. You stay there as long as you want and get it appreciated too, hence making it an investment. Hence, while calculating yield, it is rental yield plus property appreciation.
To conclude the episode, Atul Goel said that yes there are diversions in the name of investment products like mutual funds, share market and all but Real Estate has always been a part of the most basic necessities – “Roti, Kapda, and Makaan”.
