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Planning to invest in real estate? Experts decode ways for beginners to make their first investment

Real estate is one of the most promising investment options in the country, with huge opportunities across various verticals. Home buying patterns have evolved among today’s youth. Access to information enabled by technology helps them make decisions in a more informed manner. While buying your first property, careful investment should be part of the strategy.

Livemint spoke to industry experts about how startups can make their first investment.

According to Ankit Kansal, founder, of 360 Realtors, one should do rigorous homework before flocking to the capital. It is important to check the reputation of the developer. Similarly, the location is also very important. One should opt for locations with strong future demand potential.

Locations backed by infrastructural development and a healthy labor market should always be preferred, Ankit summed up.

As Ashwinder R Singh, CEO of residential Bhartiya Urban says, with new working models that are better designed especially in the IT sectors, the need for a better designed home, with access to world-class amenities has increased. They do not mind investing in a property, even in the peripheral areas of the city, especially with an integrated township concept, which offers a larger, better designed space at a similar price to downtown properties .

“The rental yields are also on the upside and the micro market which is under development and not fully mature also ensures the capital growth over time, making real estate as an asset class a profitable investment option,” said Ashwinder R Singh. .

Sanya Aeren, Chief Advisor, Marketing and Communications of Berkshire Hathaway Home Services Orenda India said for beginners, I would suggest to start with a small amount. Although small is subjective, they should start with whatever small amount means to them. Investing small amounts over certain periods of time will only add to their experience and they will have their share of people they can trust, and knowledge that will help them make good analysis and choices in the future.

“There are several factors that influence one’s choice of investment, depending on how much they want to invest, what ROI they expect, what asset class they want to invest in, for how much time etc,” said Sanya Aeren.

For a home, the factors can vary like location, connectivity, proximity to their workplace, safety, neighborhood, child-friendly community, etc.

Depending on one’s investment goals, careful analysis and advisory advice can be of great help, he added.

Sachin Gawri, Founder and CEO, Rise Infraventures Limited said it is essential to take wise decisions and invest your hard earned money smartly. One has to plan which region houses the most effective projects in the budget and ensure significant returns over time. Try to compare projects from different developers, and then choose the one that is worth the investment.

“Choose a project that is well connected to transport services and that is conveniently accessible. It is also beneficial to choose projects that are in close proximity to essential amenities so that, if not for personal use, it can be used as a passive source of income,” said Sachin Gawri.

For any industry, knowing the market is an evolving process. One must have clarity about constitutions, knowledge of one’s rights, general market practices, etc. Real estate is a complex economic sphere, and each state has its laws and administrative bodies.

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