1.Market Research:
A common mistake people make is that of isolating their deal from the
market environment. The property prices, value appreciation and the
impact any investor's bargaining capacity will have on the final prices
is dependent on the market environment. A thorough study of these market
trends will help you get a realistic idea about the final asking-price
of the property as well as enable you to forecast its rate of
appreciation better.
2. Credibility of the Builder: Before purchasing a property one should investigate the credibility of the builder. This is a combination of a few factors: the builder's past projects, their performance in the primary and secondary markets, their vacancy rates, quality of construction, rate of appreciation in value, current demand in the market and number of future projects that are bring undertaken. All this will help ascertain the reputation of the builder.
3. Personal Budget Limitation: Have you calculated the percentage you want to invest in real estate? For any investment, one should be very particular about the money to be infused in this sector as this is most likely to be a one time purchase made in an entire life time. Ensure that the rate of the EMI does not at any cost exceed 30% of your net monthly income.
4. Qualification for loan: Do make sure you get prequalified for the loan so that you only look for investment properties that fall within your budget.
5. Examination of property in terms of quality: In case of residential property, one should self-examine the building regarding the construction technicalities which also include examination of plumbing, electrical, power and security system provided by the builder.
6. Growth prospects in terms of its resale value: Location is the most important factor that contributes to the future value appreciation of any property. Look at its 'communication quotient' which is basically its connectivity, the quality of insfrastructure that surrounds this property, markets and other amenities such as bank-ATMs, schools, medical centres and so on. All these factors directly impact potential in terms of resale value.
7. Transparency in terms of price: Thoroughly recheck the cost to be incurred for purchase of the property and club all variable cost for the final payment to be made mentioned in the sale deeds so that there is no room for any hidden cost involved later. This will also help you negotiate a better deal with the owner/seller.
8. Payment plan: Before investing in any of the properties one should scrutinize the payment plan options available with the developer so that payments can be done according to one’s feasibility. Do not forget to calculate the cost of money which is essentially the return that you would get on your money if you were to simply put this in a bank or any other simple saving instrument such as FDs.
9. Middlemen’s review: Be wary of the nature of influence that the middle-person or broker is weilding on the transaction. While they play a crucial role in guiding through technical aspects, the paper work etc. you must be sure that there is no hidden fine print.
10. Perusal of property: Check the specifications in terms of promised amenities in and around the project, it should be properly mentioned in the agreement as well
11. Vastu: Looking at the current trends in the real estate market one can also look at Vastu options available at the property. In case you have to incur additional expenditure on Vastu corrections, this should be factored in your final cost.
12. Design and architecture: Many end users look out for recent trends and international patterns when it comes to design and architecture. So, before purchase of property one should also look into such options available with the developer.
13. Transparency: During purchase of a flat/property, there should be no ambiguity related to covered area, super built-up area and total built up area. The covered area is the space available for flooring a carpet, super built-up area is the carpet area including the wall, balcony space and other areas whereas the total built up area is the super built area plus the corridor space, garage and alley. The covered area is generally 30 per cent less than the super built area.
14. Private equity ratio: Always ensure that the P/E ratio i.e. (Return on investment over rent received), of one’s investment is below 16 to be on the favourable side.
15. Legal Papers: The significance of the legal documents like title deed, conveyance deed etc is of prime priority, which should be taken care of even before one decides to invest in the property.
Aurum Estates offers every solution that comes within the ambit of real estate business: sale& purchase, relocation, real estate investments, real estate consultancy and management.We believe in offering a solution that works and an investment decision that changes the lives of our customer.
Contact Us
Vijay Chawla
Aurum Estates
Shop No 1 Main Sohna Road
Opposite Uniworld Garden,
Adjoining indian oil petrol pump,
Sohna Road Gurgaon
(Haryana) 122018 India
Tel : +91 124 3295123
Mob : +91 9811210388, 9999997969
Fax : +91 124 2217833
Email : vijay@aurumestates.com
Website : http://www.aurumestates.com
2. Credibility of the Builder: Before purchasing a property one should investigate the credibility of the builder. This is a combination of a few factors: the builder's past projects, their performance in the primary and secondary markets, their vacancy rates, quality of construction, rate of appreciation in value, current demand in the market and number of future projects that are bring undertaken. All this will help ascertain the reputation of the builder.
3. Personal Budget Limitation: Have you calculated the percentage you want to invest in real estate? For any investment, one should be very particular about the money to be infused in this sector as this is most likely to be a one time purchase made in an entire life time. Ensure that the rate of the EMI does not at any cost exceed 30% of your net monthly income.
4. Qualification for loan: Do make sure you get prequalified for the loan so that you only look for investment properties that fall within your budget.
5. Examination of property in terms of quality: In case of residential property, one should self-examine the building regarding the construction technicalities which also include examination of plumbing, electrical, power and security system provided by the builder.
6. Growth prospects in terms of its resale value: Location is the most important factor that contributes to the future value appreciation of any property. Look at its 'communication quotient' which is basically its connectivity, the quality of insfrastructure that surrounds this property, markets and other amenities such as bank-ATMs, schools, medical centres and so on. All these factors directly impact potential in terms of resale value.
7. Transparency in terms of price: Thoroughly recheck the cost to be incurred for purchase of the property and club all variable cost for the final payment to be made mentioned in the sale deeds so that there is no room for any hidden cost involved later. This will also help you negotiate a better deal with the owner/seller.
8. Payment plan: Before investing in any of the properties one should scrutinize the payment plan options available with the developer so that payments can be done according to one’s feasibility. Do not forget to calculate the cost of money which is essentially the return that you would get on your money if you were to simply put this in a bank or any other simple saving instrument such as FDs.
9. Middlemen’s review: Be wary of the nature of influence that the middle-person or broker is weilding on the transaction. While they play a crucial role in guiding through technical aspects, the paper work etc. you must be sure that there is no hidden fine print.
10. Perusal of property: Check the specifications in terms of promised amenities in and around the project, it should be properly mentioned in the agreement as well
11. Vastu: Looking at the current trends in the real estate market one can also look at Vastu options available at the property. In case you have to incur additional expenditure on Vastu corrections, this should be factored in your final cost.
12. Design and architecture: Many end users look out for recent trends and international patterns when it comes to design and architecture. So, before purchase of property one should also look into such options available with the developer.
13. Transparency: During purchase of a flat/property, there should be no ambiguity related to covered area, super built-up area and total built up area. The covered area is the space available for flooring a carpet, super built-up area is the carpet area including the wall, balcony space and other areas whereas the total built up area is the super built area plus the corridor space, garage and alley. The covered area is generally 30 per cent less than the super built area.
14. Private equity ratio: Always ensure that the P/E ratio i.e. (Return on investment over rent received), of one’s investment is below 16 to be on the favourable side.
15. Legal Papers: The significance of the legal documents like title deed, conveyance deed etc is of prime priority, which should be taken care of even before one decides to invest in the property.
Aurum Estates offers every solution that comes within the ambit of real estate business: sale& purchase, relocation, real estate investments, real estate consultancy and management.We believe in offering a solution that works and an investment decision that changes the lives of our customer.
Contact Us
Vijay Chawla
Aurum Estates
Shop No 1 Main Sohna Road
Opposite Uniworld Garden,
Adjoining indian oil petrol pump,
Sohna Road Gurgaon
(Haryana) 122018 India
Tel : +91 124 3295123
Mob : +91 9811210388, 9999997969
Fax : +91 124 2217833
Email : vijay@aurumestates.com
Website : http://www.aurumestates.com
my personal view is that about this project the Golf Course Extension Road is one of the prime location of gurgaon where a lot of Main street are available like pub, IGI, domestic and international school so close.
ReplyDeletePlots for Sale in Gurgaon