Rich Infra Developers India Limited

I would like to share my knowledge and experience of real estate investing of 25 years and also invite your comments, judgments, and experiences of the same.

1. Land and Built up (constructed) properties have different dynamics.

  2. House is a need and investment both. When you are young you can rent a house and invest your money in Land, Bonds or Fixed deposits for higher returns. When you are ageing owning a house becomes a must; to avoid shifting, emotional value and feeling of security. Read in this forum renting versus buying.

3. When renting a house lookout for longer time frames, leave license can be done in multiples of 11 months, you pay less commissions and fees.

4. When buying a house calculate your requirement for future (family size) and a thought on city you would like to retire. Older citizens require more security and protection hence a gated community is a must.

Rich infra developers

5. When buying a house (or building one) following is the checklist:

a) Infrastructure of Location; Roads, Water, Electricity, Schools, Market, Drainage, domestic help etc…

b) Reputation of Builder; history, plan approvals, amenities, specifications, visit to past projects…

c) Verification of documents by your lawyer and pre approval of banks for loans.

d) Compensation clauses for delay in possession.

e) Carpet area and loading for built up.

 

6. Real estate prices are cyclical in nature, demand and supply based so park your money in reoccurring deposits and wait for right time to enter.