Very often the Real Estate Developers in Bhiwadi are asked with a question, ‘how can we make sure that we make the most from a property investment?”. So, here is your chance to learn, as we bring to you the expert views on the factors and areas that the residential investors should pay attention to. For any investment in real estate, be it residential or commercial, done for the purpose of effective returns, it is important to make sure that the location chosen has good supporting infrastructure, sufficient economic activity and ample public transport for sustaining growth and development. These constraints apply to investments done in both the approved non-agricultural land and apartments in residential projects.
Though, to mollify risks, it is important that the buyerfollow the tier-1 and opt for tier-2 cities (On the basis of population, Indian cities are classified by the Reserve Bank into not 2 but 6 tiers). It is also sensible to invest in land assets, where the cost range between INR 2500 and INR 500 per square feet. This range is considered ideal, as this will offer safety, which is critical to capital value erosion or in layman language, it is the safe range and almost guarantee that the property will appreciate.
Following are some expert suggested guidelines to achieve maximum appreciation fromthe property investment:
1)Make sure you study the real estate market and know the property cycle, this will help you in identifying the best entry point for investment.
2)The government issued leasehold titles must be comprehended.
3)The buyer must have a clear understanding of asset gain and quantum of stamp duty, which has to be paid.
4)Pay attention to the quality of the project, as poor design and construction material are common during the downward phase of the market.
5)The investor should ask for the project development plan and all the statutory approvals, which should be in place.
6)Make sure you investigate for the track record and credibility of the builder and his financial arrangements needed to complete the project because with current market conditions, even some big-shot builders have flopped to deliver their project on time.
7)Hire a reputed legal consultancy to execute due diligence on the title-deed of the property. The buyer should not rely only on the due diligence done by the loan firms, be it a bank or financial institutions, as these people also have targets to reach just like builders.
8)Make sure you comprehend well in advance the effects of the dimensions and size of the property. Small apartments or plots undoubtedly cost less but they are difficult to sell.
9)Just like the location of the project, the location of the unit within the complex is also important. It is better to avoid top floor flats of high-rise buildings, as the floor charges keep on adding as the floor number increases.
10)The development cost should be less than the last peak season, which was seen in the year 2008. Nevertheless, exceptions can be seen in case of location, quality, and delivery date.
11)One should have a clear understanding of time-frame for possession of the property along with the conveyance of land.
12)Also get a clear picture on penalties in case of delays.
13)The buyer in all respect must understand the difference between the soft launch, actual launch and existing property price. The resale price of any property for a completed project might be cheaper than its soft launch.
14)The buyer must understand all the terms and conditions written in the sales agreement along with the charges that might apply. For example: transfer charges that will apply if the buyer wants to sell his under-construction property. He must ensure whether the cost mentioned in the agreement is the total cost and include the cost of parking, amenities, etc. or these all are to be paid after the project completion, separately.
15)The last but not the least, the buyer must always compare the project rate (based on carpet area rate) and quality with other projects in the area.
If all the points are followed properly, in an ideal condition the property bought will appreciate at an unfailing rate of 15% annually for 3 years. Another important thing to know is, one can almost never vend his property at the peak, just like, it is impossible to buy at the lowest price.
For more expert advice and investment with Real Estate Developers in Bhiwadi, visit https://www.rtechgroup.co.in/
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