When we talk about real estate then it should be clear that it is a huge market and the current scenario encourages us to put our funds into it. Is it safe to invest a large sum of money into real estate? Is there any guarantee to get higher and safe returns? Actually it is the one sector that can generate profits in long run with surety of 99 percent if you have cautiously invested in it. If we look at the past trends then we will find out how the property rates have been appreciated. Even the old properties with sizable depreciation are giving good amount of returns.Even if the real estate continues downward then also it is sure that it is a temporary phase not permanent. It cannot get out of business at any point of time as everyone wants a roof to live in and the rental properties are always in demand. If we take shares and stocks nobody can be sure of the returns as it is a hundred percent risky investment. If your luck is really good then only you can make steady profits but it is very volatile and unpredictable. But in case of real estate the case is totally different and you can never lose everything.Property investors are now looking all over the world for investment opportunities but it is better to invest in a property in your home country as you are aware of the economic and political scenario in your home country rather than in foreign countries. India is a land of opportunity at least in case of real estate. It has a record appreciation in property prices in last few years and the uptrend is predicted to be continuing. So it is definitely safe for an investor to invest in Indian real estate provided that he takes all precautions and does good homework before putting his head into the deal.Nowadays finding an investment opportunity in property is not that difficult because of the internet. All good builders and developers are having their projects listed on the internet. You can make your frame and shortlist properties which fit best in your frame. After short listing you can personally visit the property and collect all the information for making the right decision. One can also take help of expert or professional who can tell you the pluses and minuses of a particular property.An investment in real estate can be safe if you proceed cautiously and make an investment plan in advance. An investment plan may include the following:Make a budget then proceed.Finding and consulting a reliable real estate agent.Collect all information of legal procedures, society norms, etc.Carefully check all the papers and documents related to property.Review the investment plan on regular intervals so as to update on the current situation.A systematic investment plan can help you to gain maximum gains with minimum risk. You can save taxes also. Always invest in real estate like a wise man. Complete your homework and do proper research to get maximum returns. No doubt it is a safe and money making investment provided all precautions have been taken and good amount of time is given to plan the investment.- Ruchi Mahajan.займ на карту без отказов круглосуточновзять кредит онлайн
Sir,
I am new to Pune city. I want to invest in residential or commercial property. What precautions should I check before invest in any residential or commercial property ?
@ Suresh
Sir,
Thank you for logging on to BharatEstates.com. Are you looking for a fixed monthly return on your investment or you wish to have a long term plan and wait for good appreciation?
Residential projects in Pune do not yeild more than 4-5% of annual returns in case you put it on rent.. commercial may go up to 8-9% depending on the client you get. In both cases the property appreciation is going to be quiet slow for the next 2 years. It also depends on the locality where you invest. We recommend outside city areas and suburbs where the residential rates are ranging from 2500 to 3500 per sq. ft. as they are likely to appreciate 10-20% in the next 12 months.
Precautions to take:
1. Make sure the documents are all clear if it is a resale property. Have them checked by a well known lawyer.
2. In case you are buying from builder make sure there are no obstacles from the government for construction and make sure he has got all legal permissions sorted. You can very well ask to see provisioning documents at the builders office.
3. Keep the payment terms extremely clear. Booking amounts, slabs of payments on constructions etc. should be mutually agreed before the start of the transaction.
4. Quality of construction is very very important. Ask existing buyers if they are face any leakage problems, Power failures, if Property tax is billed on time, proper internet connection, mobile range in all corners, reliable security guards etc.
4. For commercial property make sure there is enough parking space available in the building. Also make sure if there are minimal or no power cuts in the area. If they are then you can check if the builder is willing to provide a generator back up or UPS.
Apart from this I think generally what you see is what you get so we would also suggest that before doing any transaction keeping your eyes and ears open would itself give you most of the answers you want.
Wish you good luck!
Team BharatEstates.com