Markets always good when the property is right

Location: This is an oft-repeated mantra and has acquired new significance in India with the construction of highways,bridges,metros. New infrastructure has resulted in appreciation of property prices. In the right location,the value of land will also continue to grow.

Price: Although information on previous transactions can be obtained from brokers,residents of the neighborhood or complex,the best option is always to consult a good realtor for advice.

Purpose: If you are buying a property for yourself,then take it through the usability test. If you can use it for yourself then you should go for the same. So irrespective of whether the property price rises or falls,you can enjoy living there.

Broker: Can you trust the person you are buying your property through? When you are making a substantial investment,always use the services of a large institutional corporate broker as they can also provide assistance in the future and will be easy to contact. Further,as the broker will get to know a lot about your financial situation,it always makes sense to deal with company that employs professionals.

Finding a property that is the right fit for a buyers needs and budget is just the beginning. There are several legal intricacies that must be dealt with to complete the purchase. It is highly recommended that the buyer involves a good lawyer while purchasing property,as it involves a lot of paper work and diligence.

Buyers must take in to account several factors while purchasing a property that is still under construction. Reliability of a developer is paramount,and a buyer should inquire about his reputation and record before committing towards buying any property which is still under construction.

But the problem is that for most consumers these windows of opportunity are easy to see in hind sight after,but are missed as they occur. People who make money in real estate do not just buy low they buy the right property at the right price and in the right location for their specific needs.

Real estate,especially residential real estate makes a great investment as it provides excellent returns on income and can provide regular income year after year. There are a number of ways to get into investing in real estate. But investing in pre-construction real estate is one of the fastest growing with some of the fastest and highest returns.

Pre-construction flats are some of the hottest pieces of real estate on the market today. You can find them just about anywhere. They are relatively easier to find and you can pay over a period of time,but do not forget to do your due diligence.

Pre-construction real estate usually has a lower initial value than what the condominiums or property will be worth after it has finished. This enables buyers to earn a decent return on their investment. Depending on the terms of the contract,there may be a lock in period during which the property can not be sold after being built. This can be fixed by renting out the property. This will not only provide a monthly income but at the end of the lock in period,it can be sold at some appreciation.

Golf properties are another area where prices have registered extraordinary growth. These tend to be of exceptional quality with all the advantages that can be expected considering the prime location.

One of the most appealing features of a golf property is that they guarantee a private green belt. And it’s even better for golf enthusiasts who can tee off any time at their convenience!

As with any other form of investment,there is tremendous potential in real estate,but this does not mean that it is an assured gain. As with any investment,make careful choices and weigh out the costs and benefits before a purchase.

The most important mantra is that if one has a stable income,then it is always better to buy than rent a property. Also it is always a good market to buy,if the property is intended for personal use.

Author is Managing Director,Bajaj Capital