Things You Need to Know Before Purchasing Property

Critical Tips for Purchasing Property

It is true that everybody wants to own his or her own property but it is also equally true that, one should be very careful while deciding on the property. We are highlighting some critical factors for purchasing a property. It is always considered a tough task to go for the property purchase; this can surely be made easy and simple if you follow these tips.

These are some of the most important tips that will always assist you before purchasing your dream property.

Location Always Matters

It is always about the right neighborhood and the right location. It is important to note that living in the right neighborhood makes life a lot comfortable and hence experts say that you need to give a prior thought before deciding upon the location to purchase your property.

Also, you must check out whether the property is easily accessible, proper road, metro etc, facilities such as hospitals, schools, market, shopping outlets, eateries, and entertainment corners exist or not.

Basic Amenities

While buying your own property, you must check on basic facilities of water, power and sewage before finalizing your dream home. Shortage of any of any of these throughout the year or in particular seasons should be noted down so that you are well aware of the ground realities of your property.

Quality of Construction

This is very important. Quality of construction being used to build your property is something that you will have to live with, for the rest of your life so you need to examine it beforehand. You always need to take into account the construction quality of the house you want to purchase as this will help you understand the kind of maintenance it will be needing in the coming years to come.

Reputation of Builder

This also is an important aspect for buying a property and should not be overlooked. A little probe into the history of the builder will give you valuable information on his track record and the kind of projects that the builder has completed.

Resale Value of Property

You must evaluate the resale worth of the property you are going to purchase. You can also inquire about the supposed rent the property can deliver to you.

Stamp Duty

Buy a property for more than rupees one crore and you’re likely to have to pay big percentage of its price to the taxman. You must find out the exact stamp duty amount beforehand, so that you are better prepared.

Loan Facility

The most important thing after you make-up your mind to own a house is arranging the money and usually you will be required to facilitate a loan from a bank. Various loan schemes are available in the market from different banks. You should always compare the offering and look for the hidden charges etc before finalizing on to such long term investment plans.

hot investment options in India

Golf Course Ext – Gurgaon’s Numero Uno Destination

Located right in the heart of NCR region, Gurgaon’s Golf Course Ext is today primed to be the best Residential Property Location
Today if we look at the real estate landscape of the NCR region, the three most sought after locations in Gurgaon are Mehrauli-Gurgaon Road, Sohna Road and the Golf Course Extension Road. All of them are quite sought after destinations with the townships and societies leaving no land for any new projects now.

A lot of property experts confirm this that the Golf Course Extension Road has emerged as the next best option available to the residential buyers in Gurgaon looking for a home in a good and habitable residential area within the city of Gurgaon.

Prompting a lot of real estate buyers, one of the biggest feature of the Golf Course Extension Road is that it is giving seamless connectivity to two prime locations of the city namely – the Golf Course Road and the Sohna Road. Additionally, the National Highway 8 is also quite accessible directly from the road and the Indira Gandhi International Airport is just on a half hour drive.

In addition to the above, experts also claim that the metro which is surely the lifeline of the city, will be along the road in phase II, which will make it as the connectivity hub of Gurgaon region. The Golf Course extension road is properly connected to all those areas of Gurgaon which are regarded as employment hubs of this region.

This area is also turning out to be a great choice for those who are looking for residential plots in Gurgaon. The prices have already increased manifolds in a few last years and the scope of growth can be foreseen ahead. Hence, by all means, Golf Course Extension Road in Gurgaon is one of the best options for real estate investors in this region as well as NRI property investors looking to invest in India.

Gurgaon Leads Real Estate Investments for NCR

If we look at today’s real estate scenario in the National Capital Region, Gurgaon is surely leading the way when it comes to attracting real estate investments and coming out as a favored investment destination for almost all kind of real estate segments.

Gurgaon is leading the way because of its fast paced growth rates in areas such as its high profile Golf Course Road, or Dwarka Expressway, National Highway 8, or the Sohna Road area. Experts close to the real estate segment do confirm that some of the areas in this region of Gurgaon have witnessed more than 20 percent increase in the market value of the real estate. All this is contributing heavily towards making Gurgaon the favorable place to invest.

In recent times, properties near NH-8 and Dwarka Expressway have appreciated quite a lot. It becomes important to note that no other region in the NCR is showing so lucrative real estate increment potential today. And as confirmed by experts, there are clear reasons behind this growth. The first reason is that as a true millennium city, Gurgaon offers great job opportunities for different sections of the society. Additionally, it is largely seen that Gurgaon is becoming a favorable property destination not only for the investors but also for the end-users community.

 

Both these factors are fanning the demand generation cycle for properties in the city of Gurgaon. And yes, some areas of Gurgaon are considered under master plan 2031, in order to meet the growing demands, these areas are being developed rapidly to meet the increasing demand of residential properties.

Another important reason for Gurgaon’s popularity among the investor community and buyers is the fact that property over there is freehold which may be easily sold at the freer will of the owner. On the other hand, properties in most of the other regions in NCR are sold in leasehold with too much interference of the local authorities all these factors are making Gurgaon a super hit destination for property investment today and in the coming years to come.

Injecting Success with Business Intelligence in Real Estate

Owning to its business critical advantages, BI tools are fast gaining popularity in the real estate segment

As the real estate segment is moving fast towards incorporating best of the available techniques and methodologies for improvement of its services, the concept of business intelligence is surely set to drive better synergies in this segment.

With the help of business intelligence tools, real estate investment managers will be able to accurately assess trends and analyze their portfolios to ensure they make effective decisions that maximize investment returns and at the same time minimize the risk factor.

Excelling with BI

As the real estate segment moves ahead with incorporating sizeable portfolio, companies need access to real-time data presented in customizable dashboards and easy-to-read reports in order to generate better systems oriented analytics and intelligence in their reports.

Hence, real estate investment focused managers must be able to accurately assess trends and then quickly analyze their portfolios to ensure they make effective decisions that maximize investment returns and minimize risk for their set of clients. All this is surely set to increase faith and conviction of clients in their respective real estate consultant on the long run.

This whole segment of business intelligence is opening up new set of avenues for the real estate segment as today the segment is facing big pressures of diminishing profits in a contracting market scenario, and hence, organisations are always looking for ways to do more with less and gain on the competitive edge. BI is set to deliver exactly that much needed edge.

And additionally, today’s demanding investors are looking at more and more information and at the same time look for greater transparency which can deliver them with better insights into the performance of their investments across all asset classes, including their real estate portfolios. In such a situation, it always becomes easy to manage property portfolio with the help of a business intelligence application that can do all kind of data analysis and deliver critical insights with regards to the better property management. With these trends taking place, the ability to quickly assemble, analyze, and share information holds the big key to success in today’s real estate segment.

Experts in the industry are increasingly realizing that their property management and accounting systems falls short in addressing these next generation ready requirements. In such a situation and in order to remain competitive, investment management firms must implement a comprehensive business intelligence strategy that drives their agile decision making capabilities and removes costly manual processes aside. Most importantly, implementing a business intelligence platform today is just as imperative to commercial real estate organizations as property management and accounting systems were some years back.

Yes it is true that today the need is more acute than ever, however business intelligence technology has advanced to the point where it is now easier and more affordable to deploy, even for small and medium-size real estate organisations, this was not possible some years back. And it is the tool of business intelligence that is set to deliver that much needed push towards greater success of their business as well as ensure that their clients prosper with their investments in property.