Hi there!! We are back with some valuable tips about property investment along with appreciation in capital and rental returns
a property investment can give a buyer protection against inflation. Like gold, real estate tends to retain its intrinsic value. On the positive side, unlike gold, it is possible to earn a regular income on it. Depending upon various economic factors, a property owner can increase rent in times of high inflation. Also, real estate is always a good investment option because of the possibility of capital appreciation. Of course, an individual must decide on the basis of his own income, existing financial health and risk appetite, as to how much he should allocate for real estate.
*A Property investment works for investors in terms of both immediate and long-term returns
*Investors have to judge opportunities according to local dynamics because real estate in India is a local
REITS and REMFs
Today, there is no way of predicting when they will become a reality, but small investors will only get real investment power when REITs (Real Estate Investment Trusts) and REMFs (Real Estate Mutual Funds) see the light of day in India.
These vehicles will present them with a liquid, dividend-paying means of participating in the real estate market. Clarity on the introduction of REITS and REMFs in India is still awaited.
Market dynamics
Real estate transparency in this country is increasing. In any case, investors have to judge opportunities according to local dynamics, because real estate in India is a local business.
For instance, FSI regulations, approvals, saleable area norms, stamp duties, property taxes etc change from city to city. This requires a thorough analysis and diligence on an investor’s part. It is advisable for investors to deal in markets that they understand best.
Primary factors
Location, legal non-encumbrance of the property, present and future market drivers in the locality, duration of holding capacity, financial ability and personal investment objectives are the primary factors to keep in mind while investing in property.
One should ascertain the correct entry point, which is a challenge in the current times. While it is understandable that buyers wish to wait for prices to fall, there is a definite danger in waiting too long for the perfect opportunity. Much as in the stock market, it is impossible to predict the point of lowest ebb in the real estate market. The buyer may lose out on the best properties and deals by waiting too long. Individual property investors should be focused on what they are looking for, and should be selective about their purchase. Purchase decision should be based solely on the availability of a good deal in the location of choice.
When to invest
The right entry point for property investments is something of an enigma – it can usually only be judged in retrospect. One cannot give a blanket judgment on this. The best course is to study the local market and inquire into the prevalent and expected dynamics there.
However, a good yardstick is affordability. One should also know how much of one’s wealth can feasibly be invested in a real estate asset. Once this is determined, and a property with sufficient appreciation potential is available at the desired location and at a good price, an investor should make his move. Taking a speculative watch-and-wait stance should be a game of experts, who are also willing to risk a loss if they time their move wrongly.
Courtesy: Times Property
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