Essential Points to Eye Out Before You Make an Investment Plan

The entire economy saw lots of ups and downs in the entire year 2016. Real estate industry equally faced lots of turmoil due to the PM Modi’s decision on ban of old currency notes and the entire demonetization process. Real estate is one of the biggest industries in India. It holds second rank in terms of providing employment to the people. 

Government came up with many new reforms and policies to bring transparency and clarity in the entire industry. Due to these reforms end consumer will be the one to benefit the most out of it. The reforms have been brought to stabilize and have control over the prices. Also the main reason for the implementation of such policies is to bring in the concept of affordable housing for all. Buying house is probably one of the bucket list items of almost every individual and when there are such amazing schemes and plans coming out you surely want to fulfill your wish and buy your dream house at the best possible rates. Below listed are some essential points to look out for before you plan to zero down on a property and park all you hard earned money at. 

Maintain clean records 

Play safe by keeping all your records clean. Do not try to manipulate thing in any way while you make the transactions as the rules are getting stricter like getting control over property transactions, coming up with benami property act etc. So you surely do not want to invite any trouble for yourself. Everyone now will have to follow the rule book as there will be full implementation of real estate regulation act 2016. Gone are the days where you could make maximum amount of transactions in black money now this will be no more possible. It’s advisable to keep all the property related transactions clear and follow the rules given in the book.

Have no expectations

It’s always best to have no expectations as for when you had no expectations and unknowingly you get it so that makes you more than happy. Same is the case in property investments as you invest in certain property but you cannot expect to have it go through a huge price appreciations in short term as expecting such things will only give you disappointment. 

Experiment with new areas of project

It’s always said people should keep experimenting so here it’s no different while you purchase a property. So if you are planning to invest than tier-2 and tie-3 cities will be good options for making an investment as the government plans to bring a lot of new programs and facilities to such cities like the introduction of smart city mission. So if you are really expecting to get good value for your investment than investing in such cities could be a great option. 

Expect change in no times

As the way certain policies have shaped up in past years you can expect changes in no time. PM Modi's recent mission of demonetization to clean out the black money so such sudden decision has adversely affected the real estate market. In a blink of an eye, the rules may change so be prepared and alert for any new changes. 

Always wait and watch 

Making an investment in property is usually a long term decision so do not make any move in a hurry as this can make you reap your entire life. So once any new announcement is made think about it in detail and then take any decision. Getting affected by the day to day changes and recklessly taking any decision is not a good idea. So after any announcement are made before taking any decision wait for what the person says next.

Hence, whatever new reforms come will come for the good so happily, accept and embrace it. If our government plans to do something good for us then it’s our duty to support him in the smallest possible way. Do experiment but play safe and be smart while you take your decisions as you do not want to land all your hard earned money at any wrong place.