Buying a house is a very big & important decision for everyone. Home investment is one of the three essentials of living & everyone has a dream of how their own home will be like. Usually, there are two kinds of person who purchase property or we can say that there are two purposes of buying a real estate, which is:
– To have a place to dwell in for yourself and your family.
– To make an investment in real estate for future returns.
We have seen increased demand in the residential property market in different cities over the last few years with the Real Estate (Regulation and Development) Act 2016 (RERA) coming into effect, as well as numerous other policy measures such as the Benami Transactions Act and the government’s drive for affordable housing namely ‘Housing for All‘ mission. And presently, because of the COVID-19 global pandemic, people are looking for flats or apartments.
Safety has become the main priority of many people who are living in rental places, that is why they are searching for premium homes offering them the utmost security. While fluctuations in the share market & other investments have made real estate a center of attraction. Investors (both residential & NRIs) have seen the potential of houses in providing them long term returns and are ready to invest in the Indian Realty market.
Moreover, a low rate of interest on housing loans has also made it an irresistible investment opportunity. Besides, via expanded marketing activities focusing on exclusive offers and rewards, builders are determined to capture this demand.
Not everyone knows how to make a home investment that is profitable. The decision to purchase a property should be focused solely on the individual’s desires and on the unit’s intrinsic value. Therefore, SBP Group provides you with the following investing tips to help you select a property that provides good home investment returns:
Real Value of Property: For every person, the price of a house is clearly an essential factor. Many developers to attract customers offer schemes or good as rewards, although this can be beneficial for property buyers but when you are reviewing proposals and plans, you should be extremely careful and focus your buying decisions purely on the actual value of the house.
These rewards & freebies have an astonishing appeal, such as cash, automobiles and household goods, but they are essentially superficial in nature and do not contribute to the worth of the home.
It is a one-time investment for most of the buyers and therefore looking for a low budget house is not a good option as in order to save some money you are opting for the bad quality of the house. For every product or service, it is its quality that makes the value of the product.
For instance, if you are looking for a residential property the location of the project, brand value, and reputation of the builder/ developer in the market & amenities provided to you in a project while determining its value.
Location: A property becomes a good home investment option when it’s located in a prime part of the country or state. The projects in Chandigarh and its nearby locations such as Mohali, Zirakpur, Derabassi etc will offer you a good ROI as these locations offer employment opportunities to people & many famous education institutions have been set up here because of low cost.
This attracts many people from different regions for education & employment purpose & they need accommodation facilities. You can earn rental income by leasing your property here. The location of your property should be at such a place where everyday needs are easily accessible as well as major landmarks should also be approachable in no time.
In India, the places near the IT sector holds high value. Buying a home in a peripheral position that links to an IT center and/or development belt makes a perfect chance for Both professionals and industrial employees, as well as property owners.
Unfortunately, such places draw all sorts of developers, from those with a reputation for making a true premium project that provides you modern lifestyle, to those specialized in very small houses (of low quality). This is where a developer’s market image plays a considerable part.
Developers Brand Value: The brand value or to say goodwill of the Builder or developer whose project you are interested in purchasing is very essential for you to make a home investment decision. A good builder will not just provide you an apartment to live in but he will make sure that you are feeling secure & comfortable on the premises.
In the current times, we cannot neglect security which is why you should only invest with the developer who promises you top-tier security. To know the brand value of developers you can search for feedback from residents of their projects & can also look for their social media platforms as well as their website to know more about their experience.
Amenities: Modern life brings lots of tension and burdens on us. As a result, our homes cannot simply be places of refuge, but they also need to provide healing and rejuvenation. A clubhouse, swimming pool and park for children are no longer luxuries, but the basic amenities that are required by Indian home buyers. Nevertheless, because of their cheaper costs, even ventures without such offers can attract buyers.
Buying a perfect home is not only about luxury for the current and the future, but also about growth in revenue. Homes in decent locations, designed with good amenities and services by reputed developers, can often generate stronger capital appreciation, as well as future rental income for investments in property.
We believe that delivering dream homes to people is an art and the SBP group has mastered this art with its 14 years of experience. We are the No. 1 housing company in Punjab and have been successful in earning the trust of thousands of families. You can also be part of our family by choosing the best for you with our premium projects.