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CRITICAL THINGS TO KEEP IN MIND WHILE INVESTING IN REAL ESTATE
Undoubtedly real estate is an investment that is considered the most viable and safe option for investment in India. Before investing in any real estate investment, one needs to start thinking of the long term investment or the short term investment. Before deciding, one should always consider their economic condition, the market situation, and financial goals. The primary way to make money in real estate is through appreciation that is increased over time. However, such investments involve a massive sum of money, several uncertainties, and sometimes they might not even offer the expected returns.
Indian real estate has observed several transitions in the last two decades that have changed the sector’s face and led things in a growing manner. Introduction to GST, RERA and the market post-Covid-19 have increased consumers’ interest in owning a home. Post the pandemic, the realty sector has developed as the safest investment option. Before making the safest investment, here are remarkable things to be noted–
Thorough Location and property survey:
Location of the project holds supreme value in property buying. Especially when buying residential property, several factors such as accessibility to the major utilities like roads, public transportation, distance to nearby cities, infrastructural developments, and more. A thorough analysis of the property helps get a better understanding of the potential and liabilities it performs. Also, the investor should consider the property’s blueprint while considering the actual size of the house. Customers should review the property through RERA and employ legal support throughout the buying process for enhanced transparency. Another critical aspect to consider is safety that makes a property more valuable.
The pandemic has made people realize the importance of owning a house. Further, the resultant work-from-home structure has inspired many to consider properties in remote areas. Under-construction projects have also seen growth and become the buyer preference because of are comparatively more pocket-friendly, yield higher ROI, and are compliant with fair trade modes under the RERA regulations. However, they are on the higher cost side. In many cases, the quality of construction in such units is not up to the mark. Thus, during decision-making for the investment, customers should weigh the pros and cons of both these choices.
Resale value is a significant factor to consider before investing in any property. Property prices appreciate significantly with time and ensure healthy returns on the initial property. However, homebuyers ordinarily neglect this while making their decision. They oftentimes focus on a prime locality or the budget, which can be an opinion in the long run. If one adopts the wrong house or Location, the future sale price may be less than the desired returns. So, one should consider the resale value while buying the property.
Migsun Ultimo is the perfect choice of residential investment if you are looking for a magnificent panoramic view with all the benefits of capital appreciation and long term investment. Migsun Ultimo offers a beautiful neighbourhood for convenient existence with seamless connectivity. Migsun Ultimo is Ready to Move in property with 2 & 3 BHK flats in Sector 3, Greater Noida, conceived and conceptualized by globally renowned architects with a State-of-the-art clubhouse and gym, World-class swimming pool, 24/7 surveillance and multi-tier security and Spacious kids’ play area.
The property is spread over 6.5 acres of land of the strategic Location of Pari Chowk. Undoubtedly, Migsun Ultimo is the choicest address for people looking for 2/3BHK apartments in Greater Noida. The property is conceptualized by the world’s best architects and designers, capturing 2.1 acres of podium central greens. The Location of the project is seamlessly united to the metro station and airport.
Migsun Group is one of the fastest-growing real estate conglomerates in northern India, with a broad selection consisting of an array of development segments like residential, commercial & retail. With over two crore sq. ft. Developed and under construction area, Migsun group believes in building magnificent, sustainable and future-ready developments & associations with a global outlook.