Real Estate And Bitcoin
The real estate market is the most profitable and the most coveted in nature. Residents are gradually transitioning from living as tenants to real time home owners. This has resulted in rise in social infrastructure and demand for affordable homes. Puranik City Neral by Puranik properties is a unique project that is strategically located to perfection at Neral in Mumbai. The project is set against the backdrop of the mighty hills of Matheran and Bhimashankar to maintain an ecological environment. There are several aspects involved when it comes to estimating the credibility of the project. With buildings nothing short of architectural marvels, residents can enjoy pristine views of landscaped gardens scattered around the project. Coming to the financial part of property investment, it is crucial that residents fix a budget before they approach any property builder. Approaching financial institutions for affordable home loans can be tricky at times as it depends on the borrower’s capability. In addition, the hassle of getting all the documents regarding legal norms as far as the property is considered can be quite intimidating. However, with the introduction bitcoin in 2009, transactions have become seemingly easier and accessible. This is feasible in all regards as the concept of approaching banks for loans is eliminated. The process becomes quicker that end up saving valuable time and effort on the sides of both the parties. How it works is that one should start installing a bitcoin wallet in either their phone or computer and record periodic transactions. Once installed, a bitcoin user is provided with a generic address which is sort of similar to an email address which is used for sending and receiving funds. The transaction made via your bitcoin account is stored in a server on the cloud so you could track and monitor progress using a private key that is provided.
Let’s now look at some features that the real estate market can benefit from because of the introduction of the bitcoin currency.
Improves transaction transparency
Be it legal or financial necessities, residents need to go through a real estate booking process with utmost ease and convenience. What happens with the introduction of banks is that it takes a lot of time and there are complexities that could be tricky for investors who are starting out in the market. On the contrary, considering bitcoin, residents can directly interact with property sellers without any grievances. The blockchain system works in such a way that it is decentralized. This way residents who make periodic transactions for their investment needs can monitor their payments and the information is open boosting overall transparency.
Secured way of going about real estate investments
Residents, especially first-time investors are often concerned about how they would go about funding their real estate expectations. Heading to banks for home loans can end up insecure at times. Residents can also face situations wherein they pay some amount of money to book the flat they are interested in and don’t get the necessary returns. Realtors would set expectations that are not often met which is not healthy for the industry. On the other hand, bitcoin technology is in its starting stages and with high encrypted data and security, investors can breathe a sigh of relief that they are putting their effort to excellent use.
Fraudulent activities are significantly decreased
There is always possibility of risk and fraud when financial institutions are involved. The process is delayed which makes residents think about other alternatives of going about real estate investments. Bitcoin, on the other hand is protected in everyway and customers can even track their payments once they have completed the transaction. There are periodic reports that can be accessed by a click of a button and investors can effectively utilize this to their advantage. With a fully certified digital ID, the authenticity is maximized resulting in smooth and secure transactions.
To conclude it is great to go with bitcoin technology in order to make profitable investments without worrying about the value added to the money invested. Rest assured, residents who are willing to partner and associate with Puranik Future City Neral Mumbai are sure to glide through their lives with effortless ease and comfort!
Suggested Topic:
A Sneak Peak Into Apartment Living In The Future
Futuristic Architectural Designs- Getting Accustomed To Changing Realty Trends
Home Buyers 