How to pick the right property for real estate investment? Atul Goel Pune

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MD, ATUL GOEL


DR. ATUL GOEL, MD, GANGA GOEL GROUP & PRESIDENT (ELECT.), NAREDCO PUNE Atul Goel is a renowned real estate expert and MD of Goel Ganga Group. He has taken Indian real estate to next stage with his expertise. Atul Goel Pune devotes himself to convincing a larger audience of his reformist India vision. This is what he aspires towards with every move the Goel Ganga Group takes


HOW TO PICK THE PROPERTY FOR REAL RIGHT ESTATE INVESTMENT? Property investment is a time-tested and one of the most secure investment instruments in India. Whenever a common citizen has surplus money to invest, real estate generally remains the first option to be considered and explored. No doubt, in terms of long term security and handsome returns, there are only a few competitors of real estate.


LOCATIO N

Atul Goel, MD, Goel Ganga Group If you are investing your hard-earned money for investment purposes or for self- use, location is the primary factor of consideration. The return on the investment potential of the property is directly proportional to its location, ambience, neighborhood and connectivity. If a property is too remotely located, the ROI potential will decline proportionately. It must be ensured that the location is connected to social amenities such as schools, hospitals and markets. The investor must be convinced that the location is served by the connectivity means readily and is reachable. Even if the property is for selfuse, the location will remain the paramount factor before finalization.


APPROVAL S

Atul Goel, MD, Goel Ganga Group

Despite stringent checks by the Real Estate Regulatory Authority (RERA), the instances of land and property-related frauds keep appearing in the newspapers. The real estate investor must ascertain that the property in question is duly approved and all the documents are in place. Some of the key approvals to check are Encumbrance Certificate, power of attorney (PoA), completion certificate, municipal approval, fire NOC, RERA registration and so on. In the absence of the required approvals, the investor might be at the receiving end in cases of disputes or legal exigencies.


THE REPUTATI ON OF THE DEVELOPER Atul Goel, MD, Goel Ganga Group In the era of RERA administered regime, the absence of RERA registration raises doubts in the minds of investors. Before investing in or shortlisting a property, an investor must consider the track record of the real estate developer. The property investor must endeavour to go for an established and reputed developer as it minimizes the chances of fraud and unnecessary delays in property acquisition. As reputed developers have experience in delivering multiple projects successfully, the investor can rest assured of the decision.


FINANCES AND HOME LOANS

Atul Goel, MD, Goel Ganga Group If you are considering a property investment, the money factor is one of the most important aspects of the process. You must be well aware of the sources of finances to buy the property. If you have the entire money at your disposal, well and good. However, if you plan to take a home loan, you must be aware of the payment plan or conditions of the developers. In most cases, the payment is made in accordance with the construction status of the property. If the property is ready to move in, you must ensure that you get the possession as soon as you deposit the money.


THAN K YOU

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Reference URL - https://constructionnarchitecture.com/how-to-pick-the-right-propertyfor-real-estate-investmentatul-goel-md-goel-ganga-group-president-elect-naredco-pune/


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