A Few Must Know Things before Investing in Property
Mar 02, 2017 Home Trading Steps
Investing in real estate has been a popular trend over the decade or so. People tend to invest their hard earned money into real estate properties so that they can be sold later at a considerably higher price. Although it is entirely true to stick to the rule of buying properties at cheap rates initially and then selling them at a high price after two to three years, care must be taken while choosing the property for investment. A right property purchased at the right time will certainly bear fruits for you whereas if the area around the invested property doesn’t get developed as anticipated, the said property will be no less than a burden.
Let us discuss some of the key aspects one must consider while planning to invest in real estate:
Let us discuss some of the key aspects one must consider while planning to invest in real estate:
- Infrastructure projects going on in the area. One must also be aware of their assumed time of completion.
- The social infrastructure at the place.
- Availability of emergency services in the area such Hospitals, Police Station etc.
- Price trends.
- Job opportunities in the vicinity.
Investors must consider the aforementioned aspects before making any move on the property investment. Considering these factors one must decide the most suitable location to buy property.
Based on these aspects we have narrowed down top cities in the country that are most suitable for property investment:
Hyderabad
Chennai
Bangalore
Pune
Noida
Navi Mumbai
The above mentioned cities have been experiencing infrastructure as well as social growth to a tremendous extent since the past couple of years. Cities such as Hyderabad and Pune have experienced considerable growth in the IT space creating thousands of job opportunities in the process. The demand for commercial spaces has been very high in Hyderabad, Pune and Bangalore. Also, the demand for real estate properties has never been so encouraging in these cities. This is largely due to the sheer amount of jobs that these cities are offering thereby gaining a large number of investors in the process.
Noida and Navi Mumbai, the two very well planned cities have a superior infrastructure to boast about, while their close proximity to metros such as Delhi and Mumbai respectively does not dampen their prospects in the investment market either. The growth corridors in Noida such as Noida expressway and Noida extension is managing to attract a horde of investors whereas several towns in Navi Mumbai such as Kharghar, Vashi has been experiencing the same investor rush. Due to the fact that there are several MNCs setting up their offices in these cities, the job opportunities will only grow further proving to be a boon for the residential property market.
Recent statistics indicate that majority of the people buying residential properties are in the age group of 27 to 33 years and most of them are associated with the IT industry. Moreover, the apartment listings falling in the price range of Rs 40 lakhs to Rs 1 crore are in great demand.
Also while investing in a property it is important to understand the investment horizon. Statistics suggest that Indian market isn’t into buying and selling properties over a short span of time. It is very important that the property purchased gains considerable appreciation so as to get maximum profits out of it through its selling. Market specialists suggest 4 to 5 years to be the best period for investment in property. However, one must consider market dynamics, price trends before making a decision.
Based on these aspects we have narrowed down top cities in the country that are most suitable for property investment:
Hyderabad
Chennai
Bangalore
Pune
Noida
Navi Mumbai
The above mentioned cities have been experiencing infrastructure as well as social growth to a tremendous extent since the past couple of years. Cities such as Hyderabad and Pune have experienced considerable growth in the IT space creating thousands of job opportunities in the process. The demand for commercial spaces has been very high in Hyderabad, Pune and Bangalore. Also, the demand for real estate properties has never been so encouraging in these cities. This is largely due to the sheer amount of jobs that these cities are offering thereby gaining a large number of investors in the process.
Noida and Navi Mumbai, the two very well planned cities have a superior infrastructure to boast about, while their close proximity to metros such as Delhi and Mumbai respectively does not dampen their prospects in the investment market either. The growth corridors in Noida such as Noida expressway and Noida extension is managing to attract a horde of investors whereas several towns in Navi Mumbai such as Kharghar, Vashi has been experiencing the same investor rush. Due to the fact that there are several MNCs setting up their offices in these cities, the job opportunities will only grow further proving to be a boon for the residential property market.
Recent statistics indicate that majority of the people buying residential properties are in the age group of 27 to 33 years and most of them are associated with the IT industry. Moreover, the apartment listings falling in the price range of Rs 40 lakhs to Rs 1 crore are in great demand.
Also while investing in a property it is important to understand the investment horizon. Statistics suggest that Indian market isn’t into buying and selling properties over a short span of time. It is very important that the property purchased gains considerable appreciation so as to get maximum profits out of it through its selling. Market specialists suggest 4 to 5 years to be the best period for investment in property. However, one must consider market dynamics, price trends before making a decision.
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