Invest Right, Earn Big – That’s what RealEstate tells us

Real estate market in India never goes down, though there might be times when there is a slump. But, no one can deny that investing in real estate cangive bigger returns. However, to achieve this you need to be alert, and have a good sense and understanding of the real estate market.

So, how to begin?

a. Chalk out a detailed plan what you want to buy and where youwant to invest

Thanks to the internet, you need not run from pole to pole in search of your dream property, you can find it on the internet (though you should visit the site before finalizing anything). You can even find out information about the real estate sector in that area. Look for real estate commercial units on sale if you want to invest in commercial property. Otherwise, real estate residential units on sale could be a lucrative option as well.

b. Talk to a real estate developer

Real estate developers not only create, but are also engaged in selling off it. You can either invest in their projects before they start i.e. the pre-launch time, under construction, near completion or fully completed. However, you need to cross check the credibility of the real estate developer otherwise your hard earned money that you are thinking of investing in real estate residential units on sale will go waste.

c. Talk to a reliable bank for Loan

Once you finalize the property, get in touch with banks and financial institutions that operate in home loan sector. However, make sure that they are reliable. When you meet the loan office, make sure you do not hide any facts and tell them about your expectations upfront. Keep the documents ready. Here is an advice: do not forge the documents, for by any chance if you do so and it comes in the notice of the bank or the financial institution granting you loan, they will seize it right away and you could be imprisoned as well.

d. Talk to the owner of the property

If you are investing in a resale property and the loan is also approved, place an offer. If you are buying it from the developer, sit with him and after he quotes his price, you make an offer. However, make sure that you put up an offer only after researching about the ongoing prices in the area. Have patience for no real estate residential unit on sale is sold out in one day. There might be situation where you have 5-6 rounds of negotiations and then both the parties agree on one sum. Here is another piece of advice: please keep emotions away from financial dealings. Do not show it on the face of seller that this is your dream property. He or she won’t come down even if they want to. Make an intelligent investment decision.