Have you made the right property investment? When it comes to real estate, every buyer in India understands the larger implications the purchase might have on his life. Be it his aspirations, emotions and attachment to his property, there is scope for growth and risk of putting one’s hard earned money for the sake of an investment. Naturally, every buyer wants to know factors that could affect his property investment. Sivadasan Kumar: Why is demand for properties within Rs 20 lakh low although all focus seems to be on affordability and the supply is considerable as well? The within Rs 20 lakh budget properties have seen a demand slowdown in the market perhaps because these have been ripped off their aspirational value. Nevertheless, if you feel that a property within this budget is what you were looking for and it boasts basic amenities and infrastructure go for it. It is like how the Tata Nano is in the market. Manufacturers might have felt that those with two wheelers would graduate to Nano. However, those with two-wheelers preferred an Alto or a Santro because they felt they could upgrade without having to settle for something like a Nano whose affordability quotient had ripped it off its aspirational value. Vishal Venkatesh: Should I invest in a plot or a flat? Which area would be better Chennai or Hyderabad? If you are looking at a long-term perspective, plots appreciate better. However, a flat is easier to hold and can be a good option for small investors. If you happen to be keen on buying a plot, make sure you do your on-ground research. Plots in areas that have not been master planned into the city have the chance of being illegally occupied and result in serious litigations. Hussain Ahmed: What should I consider before investing in a particular city? While zeroing on the city, one should consider which city promises better returns. You must also consider how long to hold a property or exit the market at the opportune time. In case of Hyderabad, with the Telangana issue arriving at a resolution, we can expect momentum within the real estate market. Most importantly, know where you want to stay and invest wisely. Buyers should also consider the long term aspect. In case of new cities, policies may not have been panned out and thus, long-term perspective should not be overruled.
Posted on: Mon, 25 Aug 2014 07:49:04 +0000
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