A Beginners Guide To Real Estate Investment In India Real Estate investment is considered as the safest & the most profitable investment option by people. We Indians particularly are on our toes looking for opportunities to invest even the slightest of funds in the property market. According to a survey, 65% of Indian working class consider real estate as a mode of long-term investment. On the other hand, it is worth to take a note that, not all real estate investments yield monetary profits. An insightful investment can bring in a higher return while an awful investment can lead to a total loss of fund. In order to put your hard-earned money for good use, we suggest you understand even the very minute detail about the Indian real estate market (market size, latest developments, government initiatives & so on). Here, we have compiled some simple tips to help you on your journey to investing in real estate in India. 1. Be Patient: The fact remains that the key to success in real estate is patience. A real estate investor needs to exhibit patience as investing in a property doesn't happen overnight. It requires time & effort. By patience, we mean not getting carried by instant gratification rather staying calm, taking adequate time to know the property before investing. Being patient increases the odds of hitting a good deal in the long run. 2. Research the Property: Doing a preliminary research is important regardless of the size of your budget or the property type you intend to invest in. Researching multiple properties, their locations, materials used for construction, amenities on offer & so on should be considered before the investment is made. Without research, you might wind up making a faulty investment that you'll regret the rest of your life. 3. Background & Paper Check: Before investing in a property, conduct a background check on the property owner, property & its papers. Inability to do so will increase the chances of getting defrauded. Study the property documents carefully & further take the assistance of a lawyer to check the property papers to guarantee they are genuine. Remember, a property with a clean title keeps you away from litigation. 4. Check Property Rates: The price of the property matters. Assessing the estimation of the property in various markets will enable you to know the property rates and further help make an informed purchase decision. Investors can become acquainted with the price of the property from local government, which is known as guidance value. 5. Calculate Your Finances: Figuring out the amount you can spend on a property is essential. First and foremost, it encourages you to keep away from property that doesn't fit your budget. Secondly, it helps you plan for loans, interest rates from banks.
6. Consider Additional Risks: Real Estate investment might be the least risky & the safest investment option but that doesn't mean it is completely risk-averse. Legal issues & land disputes are quite common in India & one ought to ensure that the property they are interested in is risk-free.