Monthly Archives: November 2013


People looking to buy property as an investment option have a huge task ahead of them because the real estate sector at the moment is facing an economic crunch, so important points that a buyer should keep in mind before investing his or her hard earned money.

1. Location Location Location

This is the most important point to be considered before buying property.

  • Availability of schools , hospitals and other amenities for daily requirements, also the general environment,attractions for kids,open area etc
  • One should keep in mind the transportation system in the area and the traffic situation in the future, a prospective buyer should also check the basic infrastructure, whether or not the area would be able to hold the future growth


2. Product knowledge

Knowledge about builders, architects and consultants behind the project and their last projects should be known to the buyer.

  • Is the project according to the norms by law i.e. 30:70 ratio between built up and open areas
  • Does it have adequate parking and exit points to meet the needs
  • check if the project has adequately wide roads ,sewerage, storm ,water drainage, electricity availability and back up
  • Ask for the approved building plans of the builder to check the exact dimensions.
  • Always click pictures of the sample flat to compare.
  • visit the construction site from time to time.

3. Documentations

Last but not the least check all the documents thoroughly that the builder has a green signal from all the concerned authorities mentioned below:

Approved building plans by the authority of construction

  • Environment clearance
  • Pollution clearance
  • Clearance from the airport authority of India or ministry of defense for high rise buildings
  • Clearance from forest and national highways authority of India if project is adjoining a forest or highway
  • Clearance from municipal authorities for availability of fresh water, electricity and sewerage disposal

Buying a home requires patience, diligence and thorough knowledge. Hope this information is useful to all of you for a smooth transition


Pros and Cons of Investment in Property

Any individual with a stable income looks for ways to further increase his wealth other than his salary. Investing in different fields is an option that can be chosen for this purpose. There are many ways in which one can invest, and the most common form of investments is investment in property.

property investment

Investment in property can result in huge gains in the long run, if done the right way. Like any investment option, investment in property too has its downsides, but its positive aspects highly outweigh them.

Investment in property has many benefits. First of all, in this case, one is completely responsible for his property investment. A person is free to choose on what property to invest in, how much rent to charge and how to manage and maintain the property. Also, one can use high leverage, which means borrowing a major part of the amount while adding his own relatively small amount to buy a certain property. In addition to this, if one decides to rent out his property, then the rental income after meeting the maintenance cost adds directly to the owner’s profit. Another benefit of investment in property is that a property can be willed to family members after the death of the owner so that the profit from the property can be continued to be utilized.

However, there are a few risks in the case of investment in property as well. At times, it can be very challenging to find loan for investing in a property. This is because lending institutions are highly careful when it comes to choosing whom they lend money to. Also taking a loan for investment in property leads to the additional cost of the debt for the investor. There is also the extra cost of managing and maintaining the property.

The choice of investing in property is a person’s own choice. But if one chooses to do so, he must weigh the pros and cons of it before hand.