Why Pbel City is Investors First Choice in Hyderabadby Prafulla Mishra Freelance Advisor
Are you looking to invest in real estate in Hyderabad? Perhaps you are eyeing a flat at PBEL City, Hyderabad. You may want to move into your own house and away from the hassles of living on rent. Or maybe, you want to buy a house as an investment in a city like Hyderabad. For instance, a home at PBEL City could fetch you good returns in the next couple of years.
With so many flats for sale in Hyderabad, the tech city is becoming the city of millennials. You will find lots of new housing projects in almost every corner. Some may be very close to the city or to office spaces. Some have sprawling green gardens with huge play areas and club facilities.
A few that are located inside the city may just be a standalone building because of the space crunch. Certain projects also give the option of buying villas and standalone home for big families. PBEL City, Appa Junction is an ambitious project that is poised to eventually become a township.
It will have its own school, a hospital, office spaces, and a mall in the vicinity. Such properties are good to invest in during the early stages. Once the project nears completion, the prices will rise and guarantee a huge return on investment.
How to plan your real estate investment
1. Age: It is always advisable to invest in a house early in your career. This is when you are free of any responsibility of kids or family. You have fewer expenditures like hospital bills, childcare, and school fees. You can save a lot of money and invest it by paying regular equated monthly instalments (EMIs) against home loans.
You can travel via public transport and save money instead of buying a car. If you invest even in a small house early on, you can sell it and double your investment. This will give you some extra cash for your next house.
2. Rent or buy: If you have already decided to settle down in a city, buying a house may be a smarter choice. Rented homes may seem cheap and hassle-free initially. But they have challenges of their own. You may have to move out when your lease runs out. The shifting is not only troublesome but also an expensive affair.
You will have to start devoting extra time to look for an alternate home and then do the shifting. Every time a new rental agreement is made you will have to pay charges to the agent. Some landlords may be unprofessional. They might not pay up if repairs are needed. So, a rented home can prove expensive in the long run.
3. Loan: If you do not have enough money to make the complete payment at the time of possession, you can opt for a loan. Banks and non-banking financial companies (NBFCs) like Bajaj Housing Finance provide quick and easy options.
You could compare the rates offered by various banks and NBFCs. Then negotiate to get the best deal. For instance, you could take a home loan of up to Rs.3.5 crore from Bajaj Housing Finance. Besides this, you could also take a high value top-up loan.
There are many flats for sale in Hyderabad today. Residential complexes like PBEL City provide a range of options for Hyderabad residents. More housing should come up as the city is developing faster than ever.
Even if you have a property in Hyderabad and have to move out of the city, you can put it up on rent. If you have a flourishing career, investing in real estate in Hyderabad should definitely be on your list.
Created on Mar 4th 2019 07:30. Viewed 163 times.