In India, buying a home or property has always been a significant and often distant dream. For decades, middle-class individuals worked tirelessly to achieve this dream. People would forgo needs and save for years, yet often faced a shortage of substantial funds. They then resorted to hefty home loans, placing families under long-term debt burdens.
The challenge wasn't just about finances; the property purchasing process had formidable hurdles. It demanded a large initial investment, and the paperwork was complex and endless, making it even more exhausting. Such factors made property ownership seem out of reach, especially for first-time investors or the younger generation.
However, the advent of digital real estate has revolutionized these rules entirely. Utilizing technology, online platforms have emerged, transforming the paperwork and manual tasks into a fully online process. Now, investments can begin with substantially smaller amounts, making property investment as simple and hassle-free as buying mutual funds or stocks.
How Has Digital Real Estate Changed the Story?
Kushagra Ansal, Director of Ansal Housing, says, 'Digital real estate has profoundly altered the investment landscape, making it more accessible, transparent, and widely available than ever before. Today, investors can easily select suitable locations, reasonable pricing, and the right project with just a few clicks. Digital media saves time and money, while also making investments more secure and fact-based, which is the true empowerment of real estate in the digital age.'
Traditional investments heavily involved intermediaries, which often lacked information and price transparency. Digital platforms have liberated investments from geographical and intermediary constraints. Today, Indian investors can directly access comprehensive property information, legal documents, and potential returns online, making the process hassle-free and trustworthy.
Harvinder Singh Sikka, Chairman of Sikka Group, states, 'Now, investing in property doesn't require reliance on intermediaries, nor is it limited by location. Digital real estate has completely liberated investments. Any Indian investor can scrutinize, compare, and make informed, secure decisions about the national property market right from their mobile—turning real estate into a smart, reliable, and future-ready investment avenue.'
Simplification of Process and Time-Saving
Under previous methods, viewing properties, preparing documents, and securing loans could take months. Digital platforms now offer facilities like virtual tours, online document submission, and digital payments. This technology saves both time and cost while turning a manual, paper-heavy process into an entirely online experience.
Digital platforms provide investors enhanced control over their portfolios. Investors can examine their investment value, track rental income, and easily sell shares if needed. This capability establishes real estate as a liquid and future-forward investment option.
Digital real estate introduces the concept of fractional ownership. This means you don't need to buy an entire property. Investing in a small portion of a larger commercial property is now possible, removing the barrier of substantial initial investments and allowing young investors to start investing in premium properties with smaller stakes.
