Buying a house
is a very big & important decision for everyone. Home investment is one of
the three essentials of living & everyone has a dream of how their own home
will be like. Usually, there are two kinds of person who purchase property or
we can say that there are two purposes of buying a real estate, which is:
– To have a
place to dwell in for yourself and your family.
– To make an investment in real estate for future returns.
We have seen
increased demand in the residential property market in different cities over
the last few years with the Real Estate (Regulation and Development) Act 2016
(RERA) coming into effect, as well as numerous other policy measures such as
the Benami Transactions Act and the government’s drive for affordable housing
namely ‘Housing for All‘ mission. And presently, because of the COVID-19 global
pandemic, people are looking for flats or apartments.
Safety has
become the main priority of many people who are living in rental places, that
is why they are searching for premium homes offering them the utmost security.
While fluctuations in the share market & other investments have made real
estate a center of attraction. Investors (both residential & NRIs) have
seen the potential of houses in providing them long term returns and are ready
to invest in the Indian Realty market.
Moreover, a low
rate of interest on housing loans has also made it an irresistible investment
opportunity. Besides, via expanded marketing activities focusing on exclusive
offers and rewards, builders are determined to capture this demand.
Not everyone knows how to make a home investment that is
profitable. The decision to purchase a property in Mohali should be focused solely on
the individual’s desires and on the unit’s intrinsic value. Therefore, SBP
Group provides you with the following investing tips to help you select a
property that provides good home investment returns:
Real Value of Property: For every person, the
price of a house is clearly an essential factor. Many developers to attract
customers offer schemes or good as rewards, although this can be beneficial for
property buyers but when you are reviewing proposals and plans, you should be
extremely careful and focus your buying decisions purely on the actual value of
the house property price in chandigarh.
These rewards
& freebies have an astonishing appeal, such as cash, automobiles and
household goods, but they are essentially superficial in nature and do not contribute
to the worth of the home.
It is a one-time
investment for most of the buyers and therefore looking for a low budget house
is not a good option as in order to save some money you are opting for the bad
quality of the house. For every product or service, it is its quality that
makes the value of the product.
For instance, if
you are looking for a residential property the location of the project, brand
value, and reputation of the builder/ developer in the market & amenities
provided to you in a project while determining its value.
Location: A property becomes a good home investment option when it’s located in a prime part of the country or state. The projects in Chandigarh and its nearby locations such as Mohali, Zirakpur, Derabassi etc will offer you a good ROI as these locations offer employment opportunities to people & many famous education institutions have been set up here because of low cost.
This attracts
many people from different regions for education & employment purpose &
they need accommodation facilities. You can earn rental income by leasing your
property here. The location of your property should be at such a place where
everyday needs are easily accessible as well as major landmarks should also be
approachable in no time.
In India, the
places near the IT sector holds high value. Buying a home in a peripheral
position that links to an IT center and/or development belt makes a perfect
chance for Both professionals and industrial employees, as well as property
owners.
Unfortunately,
such places draw all sorts of developers, from those with a reputation for
making a true premium project that provides you modern lifestyle, to those
specialized in very small houses (of low quality). This is where a developer’s
market image plays a considerable part.
Developers Brand
Value: The brand
value or to say goodwill of the Builder or developer whose project you are
interested in purchasing is very essential for you to make a home investment
decision. A good builder will not just provide you an apartment to live in but
he will make sure that you are feeling secure & comfortable on the
premises.
In the current
times, we cannot neglect security which is why you should only invest with the
developer who promises you top-tier security. To know the brand value of
developers you can search for feedback from residents of their projects &
can also look for their social media platforms as well as their website to know
more about their experience.
Amenities: Modern life brings lots of tension and burdens on us. As a result, our homes cannot simply be places of refuge, but they also need to provide healing and rejuvenation. A clubhouse, swimming pool and park for children are no longer luxuries, but the basic amenities that are required by Indian home buyers. Nevertheless, because of their cheaper costs, even ventures without such offers can attract buyers.
Buying a perfect home is not only about luxury for the
current and the future, but also about growth in revenue. Homes in decent
locations, luxury flats in Mohali designed with good amenities
and services by reputed developers, can often generate stronger capital
appreciation, as well as future rental income for investments in property.
We believe that delivering
dream homes to people is an art and the SBP group has mastered this art with
its 12 years of experience. We are the No. 1 housing company in Punjab and have
been successful in earning the trust of thousands of families. You can also be
part of our family by choosing the best for you with our premium projects.
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