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Various Factors affecting cost of

Property

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Factors af fecting House Prices

† Infrastructure† Disposable Income† Commercialization† Availability † Connectivity† Necessity

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Infrastructure

† The Developments of roads, facilities like Electricity, water in the area positively bring an impact on Property Prices† Infrastructure, mainly is termed as the overall development factors of the concerned area in all the aspects of the lif e† The development of area with aspects of the Transportation, Jobs and urbanization is termed as the infrastructure factors

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Disposable income

† The money lef t with the people for investment purpose† The more is the money lef t with the people, the greater is the demand of the Property† The more people have the disposable income with them, the more is the competition among them to buy the property

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Commercialization

† The Commercialization aspects, which determines how much the Place is important to the job aspects and other such factors† The place having good balance of residential and Commercial, tends to claim more price† The example of Gurgaon is one such, which is fully commercial place along with the Residential

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Availability

† The availability of the Property is another factor which determines the Property Price† The place having less number of Flats or land tends to claim higher price† The place or area having large amount of f ree space have less value of the Property located

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Connectivity

† The place having better connectivity tends to have higher Property price† The place having better connectivity to the Schools, colleges, Hospitals, railways, Airports, Restaurants, and other such important destinations tends to have the better Valuation† Being in close Proximity to the above mentioned places always have higher price in comparison to other areas

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Necessity

† The more is the necessity of the buyers to buy the property, the more is the money they can shed† The more is the people in need of the house to live in, the more is the money will be shed of f to complete the necessity† Demand and Price is proportional to each other in case the supply is constant

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