What Are The Pre-Requisites For An Ideal Property Investment?
Property investments are the most profitable in nature. Being a long-term decision, residents should think about various aspects before coming to a final call. People are now gradually transitioning from living as tenants to real-time home owners. This shift is great as residents have now realized the importance of property investments as they can now gather up savings for the future which is everything but certain. Once has to carefully decide based on several factors as regretting an investment decision could be disastrous. Be it the location of a project, amenities provided, floor plans devised or the project specifications, every single aspect should be analyzed and studied with utmost caution. If it is the location of the project, residents should decide based on the overall connectivity to the rest of the city and the proximity that can be availed. Another factor that should be considered is the price of the property.
With the introduction of government regulatory bodies like RERA and tax reforms such as GST, the demand for affordable housing structures is significant. If one plans on consulting a real estate adviser, he/she would surely be advised to invest in emerging or developing locations as opposed to localities that are already developed or established. One has to take note of such factors as the margin for error is minimal. Lets now look at some factors that should be considered by investors to land on decisions for their dream home.
Location Of The Project: Why It Is Necessary
This is by far the most important aspect that residents should note so they buy the most appropriate house for themselves. Location of the project is necessary because residents want to spend time with their loved ones where there are no disturbances. Staying further-out in the city complements that as they can benefit from every eco-friendly feature at the project. It is also crucial that residents are impeccably connected to the rest of the city. Sobha Dream Gardens by Sobha Developers for instance is close to prominent educational and medical institutions that help residents provide the best for their children in terms of education and physical well-being. Bellahalli, which is the location of the project is close to Hebbal which houses renowned IT tech parks which can increase the land value around the project and is an added advantage for potential investors as they can look for profitable clients for long-term gains.
Introduction of RERA- Advantageous Or A Major Setback To The Property Sector?
The introduction of RERA was more of a shock to the real estate sector. With strict rules and regulations that should be adhered to, property developers are forced to amend their marketing strategies to keep up with the demand as the demand for affordable housing has shot up significantly. Rise in nuclear families has resulted in residents looking for renowned realtors to partner with to fulfill their residential expectations.
Amenities and Floor Plans: The Must Need For Property
Apart from the location and price benefits for residents from different income groups, the amenities and floor plans devised at a project is pivotal in impacting customer purchase decision. Taking into account investors from different backgrounds and residential perceptions, one should realize the importance of amenities that suit factors like safety, luxury and convenience. For instance, if a resident is purchased a property which is quite remote to the city, they should be sure to check the amenities and floor plans at the project and decide whether the choice made brings value to the money invested or not.
Transparency Builds Long-Lasting Relationships: Buyer And Sellers Meet
Property investments is a thought about process. Such decisions take time as it is considered as a one-time investment. Before going to visiting the site or contacting the developer, residents should make sure they have all the documents and information in handy from the realtor. Blindly trusting realtors can end up risky which isn’t healthy. Besides, after the regulations set by RERA, it is the sole responsibility of the realtor to provide all the necessary information and updated about the property at various stages of development.
In conclusion, Sobha Dream Gardens in Bellahalli, Bangalore is certain to provide formidable returns on investment. Residents can even come to the site and check as well as experience project features and specifications to have the upper hand. Rest assured, residents who are willing on partnering with this residential property are in for a fabulous ride towards a profitable future.