I would like to share my knowledge and experience of real estate investing of 25 years and also invite your comments, judgments, and experiences of the same.
1. Real estate prices are cyclical in nature, demand and supply based so park your money in reoccurring deposits and wait for right time to enter.
2. Land and Built up (constructed) properties have different dynamics.
3. House is a need and investment both. When you are young you can rent a house and invest your money in Land, Bonds or Fixed deposits for higher returns. When you are ageing owning a house becomes a must; to avoid shifting, emotional value and feeling of security. Read in this forum renting versus buying.
4. When renting a house lookout for longer time frames, leave license can be done in multiples of 11 months, you pay less commissions and fees.
5. When buying a house calculate your requirement for future (family size) and a thought on city you would like to retire. Older citizens require more security and protection hence a gated community is a must.
6. When buying a house (or building one) following is the checklist:
a) Infrastructure of Location; Roads, Water, Electricity, Schools, Market, Drainage, domestic help etc…
b) Reputation of Builder; history, plan approvals, amenities, specifications, visit to past projects…
c) Verification of documents by your lawyer and pre approval of banks for loans.
d) Compensation clauses for delay in possession.
e) Carpet area and loading for built up.
7. Buy a house in a project being just launched where rates are mostly lower, in projects where most of the houses are sold builders hike the price on last few. Resale houses in same locality which are little older are available at much lesser rates. Buying property nearing redevelopment can reap rich bonanzas. Read this forum for pros and cons of higher floors.
8. Returns are higher in Land than constructed property, higher in commercial than residential premises.
9.Investment in land calls for knowledge of Property card, 7/12 extracts, Mutation, History, Measurement survey, Demarcation, Zone, Subdivision, Sanctioned layouts, Regional Development plan, NA approvals, Set off and NOC from: highways, railways, high tension wires, monuments, rivers and valleys, Society byelaws, Municipal byelaws.(You can google it).
10. Buy Land in Locations where infrastructure development is expected like bridges, roads, upcoming IT parks, Industrial developments etc…
11. Always Sell Land where appreciation has maxed out. Cities grow like ripples, keep buying on outer periphery. Hold on to good property like family silver.
12. Buy Shops, Offices and Flats and rent them out .They give you a productive return and appreciation as well. Returns are lowest in Flats. Buying in booking phase gives you deferred payment and lower rates.
13. Form groups and co-operatives to collectively invest. Collective purchase power enables you get properties at lower rates.
14. As a general rule SELL after 12 months into a boom period and BUY after 18 months into recession.
15. When in doubt always ask because it’s your hard money at stake.
Will post more later, For any queries please mail me at
anildc009yahoo.com
1. Real estate prices are cyclical in nature, demand and supply based so park your money in reoccurring deposits and wait for right time to enter.
2. Land and Built up (constructed) properties have different dynamics.
3. House is a need and investment both. When you are young you can rent a house and invest your money in Land, Bonds or Fixed deposits for higher returns. When you are ageing owning a house becomes a must; to avoid shifting, emotional value and feeling of security. Read in this forum renting versus buying.
4. When renting a house lookout for longer time frames, leave license can be done in multiples of 11 months, you pay less commissions and fees.
5. When buying a house calculate your requirement for future (family size) and a thought on city you would like to retire. Older citizens require more security and protection hence a gated community is a must.
6. When buying a house (or building one) following is the checklist:
a) Infrastructure of Location; Roads, Water, Electricity, Schools, Market, Drainage, domestic help etc…
b) Reputation of Builder; history, plan approvals, amenities, specifications, visit to past projects…
c) Verification of documents by your lawyer and pre approval of banks for loans.
d) Compensation clauses for delay in possession.
e) Carpet area and loading for built up.
7. Buy a house in a project being just launched where rates are mostly lower, in projects where most of the houses are sold builders hike the price on last few. Resale houses in same locality which are little older are available at much lesser rates. Buying property nearing redevelopment can reap rich bonanzas. Read this forum for pros and cons of higher floors.
8. Returns are higher in Land than constructed property, higher in commercial than residential premises.
9.Investment in land calls for knowledge of Property card, 7/12 extracts, Mutation, History, Measurement survey, Demarcation, Zone, Subdivision, Sanctioned layouts, Regional Development plan, NA approvals, Set off and NOC from: highways, railways, high tension wires, monuments, rivers and valleys, Society byelaws, Municipal byelaws.(You can google it).
10. Buy Land in Locations where infrastructure development is expected like bridges, roads, upcoming IT parks, Industrial developments etc…
11. Always Sell Land where appreciation has maxed out. Cities grow like ripples, keep buying on outer periphery. Hold on to good property like family silver.
12. Buy Shops, Offices and Flats and rent them out .They give you a productive return and appreciation as well. Returns are lowest in Flats. Buying in booking phase gives you deferred payment and lower rates.
13. Form groups and co-operatives to collectively invest. Collective purchase power enables you get properties at lower rates.
14. As a general rule SELL after 12 months into a boom period and BUY after 18 months into recession.
15. When in doubt always ask because it’s your hard money at stake.
Will post more later, For any queries please mail me at
anildc009yahoo.com
1 comment:
Kudos to the Property Dealers In Delhi for their unwavering dedication and expertise in making property transactions a breeze! In a city as bustling and diverse as Delhi, their in-depth knowledge of the market and commitment to customer satisfaction is truly commendable. Whether you're a buyer, seller, or investor, these professionals are your trusted partners in navigating the ever-evolving real estate landscape of the capital city.
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