Having a home or office space that one can call his “own” is utmost important, not only because it saves one from huge monthly rental bills, but also because it ensures a life of security and respect, a life devoid of constant vexation by the landlords.
For a common Indian man, investing in Indian real estate market is, thus, equivalent to securing a comfortable and respectable position for oneself and one’s family in the society and, so, the question of whether such investment will generate profits becomes secondary.
As for the rest, how profitable is investing in real estate as compared to investments in other arenas, say, gold or share market is a thoughtful and smart question.
First of all, there will be hardly any objection to the fact that real estate investment at the right place and at the right time has made many, many middle class people super rich in comparatively short durations of time and occasionally in a very few years, which wouldn’t have been possible otherwise. Real estate investment can be, in this sense, called as a clean shortcut to making huge money.
You are almost always sure to make huge profits with real estate investment, provided you have brought the right property. Getting full information, legal and otherwise, about the property and its surrounding locality is important to save yourself from any kind of unpleasant surprises and frauds later on. You should also check the previous projects and records of the real estate builder of the property you’re investing in and carefully go through all property-related documents before signing and sealing the deal.
Real estate is a really large industry and, hence, the scope and options of investments are limitless. There’s an option for almost everyone here, i.e. for people with varied income and financial groups. Besides this, to the respite of buyers who cannot afford to make huge payments in a single go, both private and government banks render availability of easy home loans in India nowadays.
A home loan comes with lesser interest rates as compared to a personal or a car loan. Added to this are the tax rebate and other tax benefits one gets on the interest paid on home loans. Another benefit is that you have the option to take hassle-free loan later on against your property.
Although the size of profit you expect can be incredibly large, the most honest real estate tip you’d get is that if your intent behind buying a property is solely investment and profit, it is recommended that you do not take a loan exceeding your financial capacity for it. This is because even after investment of a huge sum, you might not get immediate returns and profits.
It typically takes several years in a row to generate considerable profits in real estate investment along with the condition that during the time to withdraw the profits, you need to look out for genuine buyers, and this directly means that, if you can’t afford to put that amount of money in the market for the requisite time, you might end up getting disappointed. You should invest only that amount of money in buying a property that you can sustain and manage to leave alone for the time it needs without financially disturbing other fronts of your life.
Hence, the winner of this game is one who not only investments at the right place carefully but also someone who has mastered the art of patience. For this reason, it is not uncommon to hear people say how they sold a property in haste years back and duly regret now. If you follow the rules of the real estate game religiously, real estate can be immensely profitable for you.
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