Few people know about the immense potential of real estate world in India. Just because of some pre-conceived ideas, rumours, and views of equally ignorant people who had suffered a loss in the property market, we come to the conclusion that real estate investments are not our cup of tea. This is an incorrect idea. Do you think that other financial sectors are free from risk? In fact, the equity market investments come with the statutory warning ‘Investments are subject to market risk.’ Thus, risks are there in every sector. If you know how to sail the rough seas, you know how to unearth the treasures.
Tips to help you make successful investments in real estate:-
The primary tip for making successful investments in real estate is to prepare an error-free plan and go to updating it with further improvisations. It means, there is no way you can ignore the continuous study of the market.
Tip 1: First and foremost, location matters. More so, when your primary concern is to make a profit out of your investments. The best way to ensure it is to select a site in a metropolitan city like New Delhi, Kolkata, Mumbai and Chennai. Even the Tier-1 cities like Bangaluru, Hyderabad and Pune are also climbing the popularity ladder and real estate builders are constructing prestigious projects here.
Tip 2: Ascertain your needs. Whether you are going to buy properties to be rented out or sell it after few years when the prices would go up further, is a deciding factor. Those who buy apartments for sale available in the new residential projects in Kolkata, New Delhi or Mumbai must consider the factors like whether the abodes have been built with perfection, the sites are located in the heart of the cities, several amenities are included or not etc. Such apartments should be ideally purchased for the investment purpose. However, if you are considering to buy an apartment to rent it later, better you purchase a moderate property. Then, of course, it also depends if you are planning to live there in future.
A good deal of rent amount could be earned if you buy a property in a place which is located near the business hubs. You can let your apartment for rent to the young professionals and earn a handsome amount of money. Hence, if you know the purpose of investment, you can take the perfect decision.
Tip 3: There is no alternative to a good deal of research work. Before investing in real estate, make sure that the property value in the locality is spiralling over a span of last 5 years. Another thing is to make sure whether a landed property or an apartment is the better option. Given the modern trend in the Indian real estate, people prefer to buy or rent apartments in housing societies thereby ensuring the availability of amenities. Thus, it is better you invest in them.
Tip 4: The first time investors should start on a small scale. That is, they should focus more on affordable properties. As per the Indian government’s efforts to promote affordable housing, the top real estate builders in Kolkata and rest of the other metro and Tier-I cities are keeping the base prices of 2 BHK and 3 BHK flats within the reach of most of the buyers. So, this is the best time to reap the benefits.
After going through the tips, you have a general idea where, to begin with your real estate investments. Add more points from your research works and make the best decision. We bet your earlier ideas about real estate would definitely change.
