Important Points To Consider Before Investing In Real Estate India

by Anurag Gupta Real Estate Consultant

One of the significant assets of your life is real estate. The experts have a view that the assets buildings cannot be completed without having a property of your own. Apart from the potential of value growing with time, the real estate can also be used to earn a rental income.

 

After you have complete ownership, you can also take loans against your property. Though there are numerous benefits of investing in a real estate market, there are certain things that you should consider before investing.

 

Read through to know more.

The Housing Project

With the growth of population in the country India, there is a sudden surge of new homes and commercial areas. These are comparatively cleaner, peaceful and also cheaper opportunities for housing which allows you to access to the city of your employment. The choices that you get is immense but it is not always right to invest in any property without diligence.

 

You need to checks for RERA or Real Estate Regulatory Authority registration of the project. Check the number of RERA and also all the online approval of the municipal authorities. Compare the prices of the under-construction and ready to move in projects that are close by. Also, you must compare the amenities, the monthly maintenance charges, water charges, electricity and everything else.

 

The brand value of the developer is also necessary for the infrastructure and future valuation of the building. You may have to spend a fortune on repairs if the construction is poor. Poor construction often leads to physical damages and leakage.

 

Always make sure to check the reputation of the building for the infrastructure needs like safe electrical wiring, bathroom fittings, parking spaces and much more.

 

In case if you are choosing to buy a house that was owned by someone else, you must check the titles of the documentation. This is the first thing that you must check while investing in real estate India.

 

Location

The next important thing that you should consider is the location. If you are investing in a residential space then you must check the nearby amenities like schools, hospitals, malls, bus stops are other such things that are important for you and your family. This will also increase your rental income. In the case of commercial spaces, make sure that there are airports, warehouses, ports etc. which can be of great help.

 

Also, aesthetic appeal plays a very important role. For example, the view of the agricultural land that is outside the window might not look appealing at the present but there are chances that another commercial and residential buildings will be constructed within a few years. During re-sale, location plays an important role as well.

 

Budget

Before you start looking for properties all around the city or town make sure that you have set a budget. This should be within the loan repayment capacity without hampering or distributing your needs. An agent or broker might not persuade you to invest more and make a speculation of higher returns. This can at times outweigh the damage from the defaulting of your home loan repayment.

 

Also, you might not the exact things that you always wanted like the modular kitchen, bathroom shower etc. You may end up spending on the remodelling of your house which will be an additional investment. Therefore it is always better to be in a budget and also pick a house which meets your demands and allows you to make changes in the future.

 

These were some of the points that you should consider before choosing a house or property for investment. Following these points, you can efficiently invest in real estate India without any trouble.

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Created on Nov 25th 2020 07:05. Viewed 572 times.

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