End to end property Management Solution for Indian Real Estate Investors
Thorough research & analysis, efficient budgetary planning and secure financial accords-All of these together can help new-age home buyers to make wise decisions.
Now, if you are an amateur investor who wants to try his luck in real estate, I would say, take a pause for a while and read this blog till the end. It’s a 360-degree property management guide, and it would give you a clear idea about how you should approach while planning to buy property in India.
- Understand the consumers before being consumed!
- Understanding the market trends
- Indian Real Estate Market- Set to follow Brick by Brick Recovery!
- How to invest in Indian property sectors?
- The Way Forward
Understand the consumers before being consumed!
India is a riddle wrapped in an enigma! It is a country of diverse mindsets, contrasting ideologies, miscellaneous political beliefs and heterogeneous economic policies, and yet it is always driven by ambitions and aspirations! So, to understand its market, be it real estate or anything else, one first needs to understand its masses, especially how they behave in different socio-political and economic circumstances.
Common Indian masses, by their instinct, are security-oriented people, and perhaps that is why owning a home has always been a matter of the first choice in India. Most Indians see real estate as a more promising and safe investment sector. They consider it the most trusted investment option for the future. And to understand this phenomenon clearly, take a look at the growth chart of the Indian real estate industry. It is one of the few sectors of the Indian economy that has seen a hike in interest rates despite the overarching harms of the pandemic.
So, if you want to invest in the Indian real estate market for commercial gain, this is the right time to do it. Property prices are at an all-time low, and the demand for brand new residential homes and flats in India is also increasing in leaps and bounds. Indeed, This is the best opportunity for those who want to buy properties in India.
However, if you are a beginner in real estate and if this is the first time you are planning to buy properties in India, you must read the following golden rules before you end up putting all of your stakes in the wrong place.
You can also take guidance and assistance from the Realty Assistant-a 360 degree property management solution provider in India. They have come up with a vast range of end to end property management solution that would help you search through a sprawling array of luxurious homes and apartments across various metropolitan and cosmopolitan cities in India.
Understanding the Market Trends:-
Indian Real Estate Market- Set to follow Brick by Brick Recovery!
There is no doubt that Indian real estate has seen a lot of ups and downs in the last few decades. On one side, we have issues like incomplete projects, lack of funding, late possession, stringent land acquisition laws, unstable polity, bureaucratic red tape and Ponzi schemes which have severely contributed to its lacklustre performance. And on the other hand, we also have hundreds of successful real estate projects which have kept the fire of hope burning.
Despite the severe impact of the second wave of Covid 19, the real estate market in India is still flexing its muscles. People living in urban areas and major metropolitan and cosmopolitan cities are still hopeful about the real estate market. They consider it as one of the safest sectors for long term investment and gain. With a v-shaped growth recovery in the overall economy, the Indian real estate market is also marching upward with no signs of slowing down.
Recently, the sector has shown extraordinary performance, both in the residential and as well as in the commercial property segments, in the last quarter of July to September.
Trends in the Housing-Sales Segment :-
★ More than 124% on-year jump in top seven Indian real estate Market-By JLL India
★ A sharp increase with 92% on-year rise in top eight cities in India-By Knight Frank India
★ 21% growth in the new launches-Mostly seen in Bangalore, Mumbai and Delhi-NCR
★ Demands for new residential properties for sale in India, especially among the mid-income segments in Mumbai, Bangalore and Delhi-NCR, is rising abruptly.
Trends in the Office-Leasing Segment:-
★ Touched 12.5 million sq ft transactions with 168% on-year growth-By Knight Frank India
★ Almost 12 million sq ft of new office spaces are completed with a 68% on-year growth.
★ 5.85 million sq ft of net office absorption-with trends showing 48% of sequential lift and
★ an 8% of on-year growth-By JLL India
★ 10.9 million sq ft of new property completions, Rentals remain range-bound: BY JLL India
★ Rise in Vacancy level to 16.4% from the previous level of 15.8% in June quarter: By JLL India
★ Major industrial hubs like Bangalore, Pune and Hyderabad account for 73% of newly
★ built leasable office spaces in India-by Knight Frank India
OUTLOOK:-
The Indian housing market, both in the residential and commercial real estate segment, would likely witness several new launches in this festive season.
● Developers USP:-Lower interest rates to lure new home buyers.
● Factors like increasing vaccination & lower infection rates would encourage more public engagement and Public activity in office leasing.
● The healthy performance of the IT sector would also help boost the demands of property in the office segment.
Sources:- www.economictimes.com/10th (10th october 2021)
Now considering these upward market trends, I would advise you to buy property in India. But, wait a minute! Gather necessary inputs from a Realty Assistant before you book something as important as a home. Trust me, RA’s 360 property management services would reduce your efforts to a greater extent. They would fulfill your multi-realty needs through an end to end property management strategy, specially crafted to deliver bespoke real estate solutions.
Check out the price chart mentioned below. Almost every city in India is seeing a hike in the property prices, except Delhi NCR.
How To Invest in the Indian Real Estate Sector?
(1)Budget Estimation & Affordability:-
Real estate investment always involves a large sum of money. In addition to that, prices of properties in India also vary from place to place. The average real estate prices, be it residential homes for sale in India or commercial office spaces for sale in India, can fluctuate from a few lakhs to the mark of multiple crores.
Hence, it is necessary for you to distinguish the thin line of difference between your desires and your purchasing power. You must prepare a rough budget based on how much money you want to spend and how much you can actually afford to spend.
You can also use the following thumb rule calculation depicted in the following flow chart. The idea is very simple. If your total income is one lakh rupees per month and you possess a savings of Rs 5 lakh, you can afford a property of 35 lakhs.
Apart from that, you should also consider other issues such as your income-ability and saving capability and your credit rating, as these factors would also play a key role in processing home loans. Without a high cibil score and higher credit possibilities, it would be difficult for you to process a home loan.
You can also consult your problems with the Reality assistant. Subscribe to RA’s 360 Degree property management solutions and get the best advice from market specialists and experienced virtuosos now.
Whether you want to buy residential properties in India or book pre-leased office spaces and retail shops for sale in India, reality assistant is indeed an ideal destination for new home buyers like you.
They are providing you with an end to end property management solution that would also guide you to find the right approach for faster loan processing, ease of property financing, property valuation and property consultation, interior decoration and building renovation.
Also, don’t forget to calculate the various statutory charges associated with your properties. They can also put an extra burden on your shoulders and derail your projects from the completion time. A list of various statutory charges is listed below.
● Stamp Duties-6%
● Registration charges-0.5%
● Brokerage Charges-0.5%
● Advocate Fees-0.1%
● Home loan processing fee-0.1%
● TDS Charges-1%
● Society Charges-1%
(2)Things you should prepare before applying for a home loan:-
A combined package of good Credit scores and high EMI paying capacity would largely determine whether you are eligible for a home loan or not. Now, what to do to become eligible for a home loan. I would advise you to follow below mentioned 360-degree property management guidelines. Kindly try to pay out the pending instalments of previously taken loans, if you have any, before venturing for another.
★ A higher credit score would help.
★ A decent cibil score.
★ High EMI Paying Capability.
★ Your latest Salary Slips (Last Six Months)
★ Income Tax return(ITR) Report
★ last six months of Bank statements of
★ Financial statement of your assets
★ Legal documents of your land.
★ Address proof(Adhar card)
★ PAN Card & Voter Id Details
★ Permanent Residential Certificate(PRC)
Also, don’t forget to juxtapose your loan eligibility numbers and the affordability calculations that you have seen in the above flowchart. If Step1 suggests that your eligibility is somewhere near thirty lakhs but the bank is ready to provide thirty-five lakhs, I would say go with the lower amount.
(3)Standard Property Selection Criterias
‘Quality is remembered long after the price is forgotten. So, while searching for the best residential homes and apartments for sale in India, You should always look for quality products. Of course, the cost is a serious issue. And that is why you should always keep it in the back of your mind. But in the long term, quality can also reduce your maintenance cost.
You should find a high-class property that can match your needs and aspirations. Now, what should we consider as a high-class property? In my opinion, any residential real estate, be it 1 & 2 Bhk flats for sale in India or office spaces for sale in India or Pre Leased retail shops for sale in India, must come with at least two characteristics mentioned below.
★ (a) Lucrative Project Plan, and
★ (b) High Return on Investment or Value for Money
(A)What is a lucrative property plan:-
★ Easy Payment plan, low interest, high discounts & gifts on every purchase.
★ Rich architecture, earthquake-resistant building with opulent interiors.
★ A Well-balanced land distribution between occupied (livable) and unoccupied areas.
★ More open areas and spaces within your residential or commercial real estate projects.
★ Maximum green cover and pollution free environment to add an extra value.
★ Is the builder or the project providing additional residential amenities?
○ Swimming Pools
○ Meditation Garden
○ kids Play Zone
○ Outdoor Gymnasium
○ Enough Parking Slots
○ Rain Water Harvesting
○ 24*7 Power Back Up
○ Sufficient Water Supply
○ Smart Cooling System,
○ Space for Outdoor sports
○ Waste Management
○ Electronic Surveillance
○ Gated Community
○ Garden & Orchards
○ Recreational Space etc.
The Realty Assistant is a 360-degree property management company, and they are here to resolve your issues in a timely and cost-effective manner. Let me remind you that ‘RA’ is not a broker or an agent. They are a trusted real estate consultancy. They know their profession, their home buyer and their unique requirements very well. The real challenge here is to cater to those specific needs and requirements while not hurting the standard rules and procedures. RA’s end to end property management services have been designed and customized to meet your expectations. Click here to get a subscription now.
(B)What about the value for money?
Property should neither be expensive nor cheap and, it must be able to yield higher retail revenue as well. Now the problem is how to determine whether a property is costly or not? To find it out, you would have to consider the following thumb rule of property evaluation.
The standard rule:-
The average rental outcome of your property, be it residential home for sale in India or some 2 & 3 Bhk flats for sale in India or commercial offices for sale in India or retail spaces for sale in India, should not go below the standard benchmark of 3 %. For instance, your property’s value is Rs 50 lakhs. If you rent it out, it should at least fetch Rs 12500 every month.
As a beginner in the property investment sector, you should also know your priorities very well. You must know what to look at in an ideal property and where to look for it. However, strategies in the real estate sector can not follow amateur suggestions and aesthetics. An equal weightage of in-depth analysis must be given to the following factors as well.
No matter what kind of property you are dealing with, Realty Assistant will always be here to help you get the best consultation for free. Visit the official website, talk to a realtor and get the best advice straight from the horse’s mouth. RA’s end to end property management services or a package of 360 Degree property management solutions would give you a crystal clear idea about the whole picture.
©Locational Advantages:-
● An Investor must have a good idea about the location of the property.
● Avoid venturing into property locations that are unknown to you.
● A dream home-neither too close to the city nor far away from the city.
● Properties, connected through well-constructed roads.
● Superfast connectivity and convenience through metro rail services
● Office spaces & retail shops connected to airports & railways.
● Schools, colleges and universities in the proximity of your home.
● Multispeciality hospitals near your residence is a great advantage.
● Nearby Industrial zone and IT sectors for better job opportunities.
● Find out the retail parks, shopping malls, business parks near you.
● Various entertainment zones, hotels, bars and restaurants are nearby.
● How much time does it take to access your location from the nearest
airport and railway stations?
(D)Locational Disadvantages:-
Want to buy the best residential properties in India? Then you should always choose less crowded locations with a pollution-free environment. So, never say yes to such properties or localities close to the railway stations and commodity markets.
Reality Assistant provides a comprehensive platform for Indian home buyers and new-age real estate investors. It is a platform that delivers 360-degree property management services, especially for modern-day house buyers and commercial real estate investors.
Join hands with the Reality assistant-Your Property manager, providing you with a vast range of end to end property management solutions that would help you find an ideal location for your home or your retail business.
End to end property management solutions:-
● Get the complete property details & its valuation report
● Free consultation service is with expert’s opinions
● Necessary advice for faster loan procurement.
● Ensure timely delivery & timely possessions.
● Huge inventory-luxury 1, 2, & 3 Bhk flats for sale in India.
(E) Builder’s Reputation:-
The market is full of thugs and deceivers. So, try to investigate the actual reputation of your builder before being trapped in some kinds of Ponzi schemes. It would also be wise if you could meet some residents and know their personal experiences. Also, try to dig out the performance history of your builder. Things that you should keep in mind while investigating about your builder are listed as follows:-
● Find out the problems associated with the building plan?
● Consult architects to find out flaws in building design
● Always avoid deals that come with last-minute challenges.
● Don’t forget to meet residents, get the inputs from their end.
● Timely completion, Timely delivery & Timely possession.
● Try RA’s 360 Degree Property Management solutions.
● Try RA’s end to end Property Management services.
● The legal constraints, land disputes & ongoing legal issues!
● Quality of construction is a vital issue. Don’t miss it!
The Way Forward:-
Though the investment tips mentioned above may sound very basic to you, they are highly effective for beginners. But, the fun fact is-Most of the real estate investors and homebuyers in India try to ignore these fundamentals and later face irreparable consequences because of their poor decisions. In real estate, even a single mistake can destroy your life. Here, you won’t get a second chance. So, don’t make such mistakes, at least if you are willing to buy a property in India. As a newcomer, you should always factor in all sorts of possibilities that may create problems for you in future.
But honestly speaking, searching for an ideal property can be a daunting task, especially for an urban Indian who is already busy in his life. It is a time-consuming process that will test the limits of your patience. It can confuse your mind, and in turn, you may end up making a poor decision even after working so hard for so long.
Instead of that, you should move with a simplified approach. Take help from Reality Assistant-an widely trusted real estate consultancy in India. And in return, they would help you find a favourable living and business destination. It is a real estate advisory firm, offering a 360-degree property management solution that will help you go through a detailed comparative analysis of different properties based on the following factors.
● Property sizes and spaces
● Payment plan and Price range
● Amenities and features
● Available discounts & interest rates
● locational advantages and
● Locational disadvantages
● legal parameters and hurdles
● Affordability & Property valuation
● financial aspects related to home loans
● Completion & Delivery time.
I hope that this piece of writing will be able to help in your quest for properties. Please feel free to write your views in the comment section below.
