Must Know Points

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Make the most of pre-launch offers when investing
  • The main advantage of pre-launch offers is that they provide your investment enough time to appreciate. In addition, as a buyer, it is also the phase when you can avail the best possible price, since builders make lucrative offers to push sales during this phase.
  • Pre-Launch offer is where Investment,
    Saving, and best price meet in same line

The minimum period you should stay invested in a new property
  • It is recommended that as a homebuyer you should plan to stay invested for at least 3 years. The reason is it takes that much time for your property to appreciate so that it can be sold at a profit. Any capital gain within 3 years is considered as a short-term gain, which is taxed as per prevailing income tax slabs. It is advisable to wait out this 3-year period before planning further investments that might come under the purview of capital gains.
  • Plan to stay invested for at least 3 years
    because normally it takes that much time for
    your property to appreciate

It is always advisable to know your builder well
  • It is always advisable to know your builder well as you will need all the cooperation you can get from them, especially at the time of exiting a project. For this reason alone, it makes abundant sense to identify a responsible and ethical builder whose dealings are transparent. Performing this task may be easier said than done, although its importance cannot be adequately emphasized in the light of the vast choice of builders you will come across in the same locality. The two vital factors to be kept in mind before you take a call are the reputation and quality of past projects of the builder.
  • The two vital factors to be kept in mind before you take
    a call are the reputation and quality of past projects
    of the builder.

Homework you must finish before buying a property
  • The process of acquiring a property is no doubt an exciting experience, but it entails doing the necessary homework well. As a homebuyer, before putting down your money, you need to familiarize yourself with complete details of not just the project, but also details of the infrastructure available within and outside the project, as well as in the neighborhood. A checklist for this purpose would include the following: proximity to shopping malls; education and healthcare institutions; highways, railway stations, and airports; recreation facilities etc.
  • Another aspect is to look at whether the property you are planning to buy has the potential to set off your EMI liability through rental income. This would require you to make enquiries in the locality where you property is situated. In upcoming neighborhoods, this can be done without much difficulty as residents would be interested in the growth of their neighborhood.
  • Do proper Homework on the social infrastructure
    Available around the Project

Exercise caution when buying resale properties
  • Exercise utmost caution when negotiating purchase of a re-sale property. In addition to forming an opinion about the sellers’ integrity, it is essential to pay attention to matters such as clear title, age of the property and as such depreciation of the construction, and likely renovation costs.
  • pay attention to matters such as clear title, age of the
    property, depreciation of the construction,
    and likely renovation costs

Setting your returns expectations from your investment in a new property
  • In today’s rapidly advancing world, this is one area where a conservative approach wins hands down over an aggressive approach! This holds true of return expectations through capital appreciation as well as rental income. Any annual capital appreciation upwards of 15% and rental income of 6% from your investment should be considered a good return.
  • annual capital appreciation upwards of 15% and rental
    income of 6% from your investment should be
    considered a good return

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