Real estate is one of the most promising investment options in the country, with vast opportunities across various verticals. The pattern of home buying has evolved among today’s youth. Access to information enabled by technology is helping them take decisions in a more informed manner. When making your first real estate purchase, it should be part of a cautious investment strategy.
Livemint spoke to industry experts on how beginners can make their first investment.
According to Ankit Kansal, Founder, 360 Realtors, one should do some rigorous homework before investing in the capital. It is important to check the reputation of the developer. Similarly, location is also very important. Locations with strong future demand potential should be selected.
Locations supported by infrastructure development and a healthy job market should always be given priority, in short.
According to Ashwinar R Singh, CEO of Residential Indian Urban, with better designed new working models especially in IT sectors, the need for better designed home with access to world class amenities has increased. They also do not mind investing in a property in the peripheral areas of the city, especially with the concept of integrated townships, which offer a better designed space at a similar price as compared to properties in the city centre.
Ashwinder R Singh said, “Rentals are also on an upward trend and the micro market which is under development and not fully matured, secures capital appreciation over time, making real estate an asset class. makes it an attractive investment option.” ,
Sanya Aren, Chief Advisor, Marketing & Communications, Berkshire Hathaway Homeservices Oranda India said for beginners, I would suggest starting with a smaller amount. Even though small is subjective, they should start with a small amount that matters to them. Investing small amounts over certain periods will only add to their experience and they will have their share of people they can trust, and knowledge that will help them make good analysis and choices in the future.
Sanya Eren said, “There are many factors that influence one’s investment choice, depending on how much they want to invest, what ROI they expect, what asset class they want to invest in. for how long etc.”
For a home, factors such as location, connectivity, proximity to their workplace, safety, neighborhood, child-friendly community, etc. may vary.
He added that depending on one’s investment goals, a prudent analysis and advisory advice can be very helpful.
Sachin Gawri, Founder and CEO, Rise Infraventures Limited said that it is essential to take wise decisions and invest your hard earned money smartly. One must plan which sector hosts the most efficient projects in the budget and ensure significant returns over time. Try comparing projects from different developers, and then choose the one that is worth the investment.
“Choose a project that is well-connected to transportation services and is easily accessible. Also, it is beneficial to choose projects that are close to the required facilities, so that they can be used as a passive source of income, if not for personal use,” said Sachin Gawri.
Market knowledge is an evolving process for any industry. There should be clarity on land laws, cognizance of their rights, common market practices etc. real estate It is a complex economic hemisphere, and each state has its own laws and administrative bodies.
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