Tips for Buying Property in India

With swift infrastructure development and growing residential complexes, properties in India are selling like hotcakes. Check out our tips for buying property in this country. 

Whether you are thinking of buying a commercial or a residential property in India, make sure that you follow a few of these tips to get the best rates and services-

Planning and research

Consider this- Do you want a property for long term basis? Do you wish to rent it or sell it after a few months or years? Before you go ahead and invest, make sure that you answer to these questions. Take in consideration the reason for your purchase and the kind of area you would want for the property. Locations, including metropolitan cities, suburban areas can be great for residential properties, while commercial property in Gurgaon, Faridabad, Gandhinagar, Greater Mumbai and Pune are selling like hotcakes.

Search a Franchise

Having a costly property dealer won’t do you any benefit, particularly because they have a limited range of options to choose from. This is where searching a franchise on internet can be helpful. Check out franchises that have a vast range of cities and locations included in their search list. Choose a real estate company that deals with both commercial and residential properties. This will help you select between wider options.

Affordability

What may appear affordable to you might be costly for others and vice-versa. Therefore, before you go ahead and think about buying a property in India, make sure that you have a clear idea about your affordability. Market status of the property should also be taken into consideration. So, decide beforehand about whether you want a new construction, used, re-built or coming soon property.

Check legal documents

On a number of occasions, real estate companies can make you a fool by offering things that they don’t have. So, make sure that you check all legal documents from the seller. If you can’t do that, pay a lawyer to help you. Check whether the building is registered and its layout is approved by the government. Also, in case of a second hand or used property, check that there aren’t any outstanding liabilities or mortgage on the property,

House Inspection

Never ever buy a commercial or residential property without inspecting it on your own. Don’t hurry to make the payment, rather visit the site at least two times so that you don’t miss out any underlying issues. Make sure that the facilities like electricity, water, parking, location and safety are all taken care of.

Get an apartment

If you want a residential property in metropolitan cities like Gurgaon, prefer for an apartment. It not just guarantees you safety, but also ensures that you have a choice between single, double or three and even four bedroom homes. This way if you like a particular building, you can choose it and customize it in accordance to your requirements. Plus, issues like electricity and water woes are less prevalent in apartment culture.

Follow these tips and you can also have a property of your dreams. 

The Most Innovative Broker - North India

RE/MAX India receives the award for ‘The Most Innovative Broker – North India’ at the prestigious ‘Estate Awards’.

The Reality of Realty

 

Whenever we say the word real estate the thing that pops into mind is flashing dollar signs. It is considered the shortcut to quick bucks.  But ever wondered what really this industry is about and why it is the second largest employer after agriculture in India. It is the most coveted dream- to own their own house- most coveted investment-returns cannot be matched and it gives you steady income (read rent)- what fixed deposit, mutual fund, metal can hope to do this? Most importantly it is because on an average 60 % of a person’s income is locked in real estate. We also have the issue of our weaknesses also being our biggest strengths. It is the only segment of an investor’s wealth which is yet unregulated and has no entry barrier unlike stock brokerage and insurance. Market penetration is as yet low on an organised level. Translated this means potential and first mover advantage. We see a host of international property consultants and corporate houses entering the market. Though it is attracting a lot of attention these very problems shatter the quick buck dream. No proper information, uneducated and uniformed brokers are the biggest problem. Add to your woes is a highly informed customer who is soon considering to become a DIY-(do it yourself) customer. It is easy to have 200 leads but it is very difficult to match these leads, go through the documentation and close the sale. But it is even more difficult to collect your commission. Having put forth a general view I will still say it is the best time to be in real estate. You have virtually no competition if you decide to be professional, competent and “deliver”. Remax is the World’s largest brokerage network and doing this work in an organized manner. Visit Remax India website for details on how to join organized real Estate network in your city.




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Congratulations RE/MAX India on completing 4 Successful years.

Congratulations RE/MAX India on completing 4 Successful years. Thanks to all our Affiliates for their support.

 

4years

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