Leading real estate investors from across the world are turning towards India and are planning to get in the market as soon as possible. From Bangalore, Delhi to Mumbai investors can’t wait to grab their share.
Rapid urbanization with ever developing infrastructure and growing trend for nuclear families, are major reasons for this boom in India’s realty sector. The urban to rural migration, easy availability of home loans and the rapid growth of demand for homes are the other reasons in support. Especially in goregaon are where developers like the Epitome by Radius Developers
are building homes rapidly.
In fact the age of potential home buyers has reduced drastically. This is ofcourse one of the important points to be noted down. Earlier, a person in his late 30’s would think of buying a home but today under the changed scenario, real estate is being bought by people in their late 20’s also. This paradigm shift is due to the rise in the income in various verticals of the working society.
Now in India, the real estate is counted as the second largest sector that generates a multitude of employment opportunities. This realty sector contributes 6.3 % to India’s Gross Domestic Product due to the drastic transformation in the past decade.
Not even a decade ago the term ’Indian Real Estate’ conjured up a scary image and investing in real estate for capital appreciation and income was unheard. But today, the real estate is one of the best parts for good investment portfolios with satisfactory returns. It is considered ideal for diversification and optimization of returns as well. Today, the Indian real estate market is vibrant like never before. And if you are considering real estate investments then these tips will come handy for you:
Gather Market knowledge-
You must be knowledgeable with the latest sales, rates, property and foreclosure information to help base your investment decisions on solid facts rather than your instinct.
One small step at a time-
Do not allow your real estate investment plan to get too complicated as soon as you start out. At first get your first property done completely then only move cautiously to your second and third property respectively.
Realistic goals-
Picture your dream and ensure that your investments provide you the confidence to look forward to a bright future. For example think about, where do you see yourself 5 years from now?
Keep some property for yourself-
Driven by the great profits, Do not let great property get out of your hands through a quick sale. Wait and watch your investment to appreciate further.
Check seller’s credentials-
Do not forget to verify the seller’s credentials, when you’re in a hurry to invest. Confirm all expenses including taxes before you invest in real estate.
Do not invest in remote real estate-
Do not invest in property that is remote. Look at property that is relatively close to where you live or work. It is good to have the option to keep a check on your assets.
