Everyone
knows how risky to invest in real estate. Invest in real estate
property it is a long time investment. There is no any surety when
the market will up and goes down. So one thing, we can do is that
investment in a cheap property gives big wealth but the same time
investor should have the skill to select which will give big profit
only.
1.
A broad thinking for search
Nowadays,
the home buyers are also coming from foreign and many NRI also taking
interest to buy the home at native country, Also people are coming
from other states for buying a home at the different location within
India. So, we can say, there is no any boundary to attracting the
home buyers, it depends on you, and which type of home buyer you are
targeting like the foreigner, NRI, other states, within the state,
within the same district, or Defence welfare housing society,
IAS, PCS, Doctor, etc. Try to invest at the location, which is
comparatively less price but at a very low cost, that place can be
very good.
2.
Location selection
Always,
avoid investing at the worst location, keeping in mind the cheapest
price. I think no one wants to make an investment the worst location.
You should make a research in the market about other upcoming and
ongoing projects and on this behalf, you should select which one
having a comparatively lower rate. The location has not a proper road
and open location, that is not a good place to make any proposal, and
such type of location can be easily sell out or attract the home
buyer. You should select the place which has more chances of increase
in their place value in upcoming time. You may plan at any location
that is going to connect airports road extension, national highways,
an artificial lake in future. Eg. Defence housing society
having the plots, near Chandigarh, are selling the plots at a
reasonable price. Right now the adjacent road is thin but it is
going to become 100 feet wide, so be sure the plots near the location
becomes costly in upcoming time. It means the place value is going to
rise in upcoming months or years, always give you the big wealth to
you.
3.
Carefulness
In
which locality, you are going to build all setup, firstly you should
take help of local bodies or person to avoid any further
complication. And one of the most important is that for such place
the approvals are very typical, so first try to understand the whole
procedure how to take approvals, which are the government bodies will
approve your project. Because when property varies then the laws and
customers also varies. So a proper study is essential for a smooth
process and is very important before any purchasing.
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