7 TIPS FOR INVESTING IN REAL ESTATE BANGALORE 2018
Are you planning to invest your money in real estate in Bangalore but not sure on how to proceed? Need not to worry. Before I tell you anything else first thing I need to make you understand is “what real estate is all about?”
Well, Real estate is a term which you might have come across a lot many times in newspaper and around you. It basically comprises of land and buildings on land in addition to natural resources of the land, flora and fauna, livestock and mineral deposits everything.
Isn’t it strange, because what media often describe real estate is from the perspective of real estate market which is mainly based on residential, commercial and industrial aspects?
You can consider the following as the examples of real estate- undeveloped land parcels, houses, villas, town and row houses, office buildings or buildings to be used for some sort of business, factories, industries, and mines.
So I expect by now you have got some idea about the salient features of real estate. Investment in real estate is definitely riskier than investing in a stock market or share market for that matter.
But with the real estate demand skyrocketing over the period of time in Bangalore and this city being recently named in a joint report by PwC and Urban Land Institute as the topmost property investment market in Asia- Pacific, is driving a good investment deal in the City.
However, before entering into any deal of investment you should have enough legal and financial knowledge of real estate.
So here I am helping you out with 7 most important tips or word of advice which should be considered before you put your money into real estate:
Location forms the first and foremost factor to consider when you are planning to invest in real estate.
A good location is that where you have all the basic and daily requirements accessible easily and it is always an added advantage when you are reselling your property.
Location is so important that even if you buy an apartment or house whose interior you don’t like but has a perfect location then you can modify the interior as per your taste. A perfect location has the prospect of good returns.
RETURN ON INVESTMENT
Investment is always associated with the concept of return. So once you are investing in real estate, here too you should be well aware of how, when and where the return on investment on your property would be best. So choose the location and property wisely.
OBSERVE AND RESEARCH ON CATALYST FOR INVESTMENT
The prospect of how much a particular area is going to perform in the future depends on how it is doing now.
So an area is up and coming is symbolized by the new infrastructure coming up in that locality.
Bangalore’s North quadrant is such locality where every new day is putting forth a new development.
So you can dive more into the developing zones of the city and make your investment turn out to be a fruitful asset.
TAKE HELP FROM A GOOD REAL ESTATE AGENT
A good real estate agent acts like a key to making your investment worth and lets your money give you an expected outcome. This agent makes your task easier and hassle-free. A good real estate agent is one who has a clear idea of the location and the pros and cons of the location and in and around it.
ENHANCE YOUR KNOWLEDGE ON REAL ESTATE
Real estate is a risky basket in terms of investment and therefore you should always keep yourself well aware of its market before making an investment into it.
Today internet has lots of sources like www.home-adda.com from where you can get information on all the upcoming and ongoing properties in Bangalore.
CONSULT AND COMMUNICATE WITH LOCAL INVESTORS
Local investors are very well aware of the nitty- gritty of every area of Bangalore and therefore communicating with them can fairly give you a benign idea where to invest and where not to.
Interacting with them will let you learn more about the properties in the city and a genuine idea on the future prospects of each and every area and project.
REAL ESTATE REGULATION ACT (RERA) TO BE CONSIDERED
Since 1st May 2017, after RERA has become effective, it has endowed the investors and buyers with the opportunity to have their investment in real estate safe and secure.
With minimal risk and maximum gain real estate in the city has definitely become a secure haven to invest.
Here is a list of projects which are RERA approved and you may find your interest in:
- Sobha Dream Acres is a renowned project by Sobha Limited coming up in the vast landscape of 81 acres and has 1 and 2 BHK homes with all the luxuries available.
- Ozone Urbana is an upcoming township project sprawled across 185 acres of the land parcel located in Devanahalli in North Bangalore.
- Prestige Lakeside Habitat is an ongoing project lounged across 102 acres of landscape located near Varthur Lake near Whitefield in East Bangalore
- L&T Raintree Boulevard is an innovative project by Ozone Group lounged across 65 acres of landscape located in Hebbal in North Bangalore
- Prestige Song of the South is an imminent project by Prestige Group spread across 33 acres of landscape located in Begur off Bannerghatta road in South Bangalore.
Investment in real estate is undoubtedly slight risky but if you consider all these tips together and research well before laying your capital into it, fortune is definitely going to work in your favor.