Where should I Invest

Greater Noida Properties

“Please suggest where and in which property should I invest?”

- A million dollar question

(Article written by Praeep Singh, Director Square Meters - December, 2011)

Most of my clients ask above question several times from me. Almost every of my 3^rd call form a new client, I get the same question. Honestly, no one can have exact answer to this question but yes there’re many points which would help you concise your search and would really help you to take this decision. Concise your search and decide what kind of property exactly you need? Will it be Plot, Villa, Flat or studio apartment? Is it a investment or you are planning to move etc. etc.?

Plots:

If you are looking for pure investment, then choose only plots. Through various trends from various agents and agencies, it is clear that investment in land is always best, even if you buy a plot in a village it would not considered a bad investment.

Villas:

Here I am talking about Villas in township not an independent house. This is good investment as you would own land along with house. Villas are good as you don’t need to run here and there for construction of house. You don’t have to hire architect, plumber, contractor, mason etc. and you don’t need to monitor the construction and to build your house. Avoid investing in house, if you would go to sell your house, any buyer would hardly pay for construction, they would pay mostly for the land on which the house is build up not for building.

Flats:

If you want to be secure and need some rental income, choose flats but it should be in Metros, NCR and in sectors & areas which are in development stage. If you will choose it in small town, then it may not give you good return. From past few years’ trends, flats have given good return in Metros and NCR.

Studios:

If you are looking only for rental income, you should choose studio apartment. Studio apartments may not give good re-sale value. It is a good option if it suits your work culture, or you are bachelor or stay alone. You can work from home.

Below are few more points, which would help you to take decision, what and where to invsest.

1. Are you planning to move or is it a pure investment and you want to earn profit out of it?

2. How far is your Work Location?

3. Your need as per your family/ Work Culture.

4. Are you looking a property for Rental Income?

5. Your Budget/ approved home loan/ Salary/ savings etc.

6. Look for past year trends to predict future.

7. Go for Location, Location & Location.

1. Are you planning to move or is it a pure investment and you want to earn profit out of it?

You need to decide whether you are going for a pure investment Or you are planning to move in this property. If you planning to stay then you have to consider the distance from your work location, your needs as per your family, locality, security, connectivity and type of house like flat, Villa, house etc. If you are thinking for investment, then you should consider the kind of investment. If you looking for Rental Income, you should go for Flat else you should always go for plots.

2. How far is your Work Location? Why it’s important?

Most of my investors in this region are working in MNCs and they are salaried people. They need to concise their search by keeping their work location in their mind. Everyone would love to stay nearby their work location to avoid long travel. In case the property is your secondary investment than also, you would like to have it in same sector or at least in same city so that you can monitor it.

3. Define your need as per your family or Work Culture?

You should define what type & Size of house/flat you need. If you have a bigger/joint family you may need at least 3 BHK. If you are bachelor and you may need Studio Apartment. If you are working a lot from home, you may need a small office at home thus you may need a separate room outside like 3 BHK + Servant Or 3 BHK + study. The servant or study room may solve your small office problem.

4. Are you looking for Rental Income?

If you would like to invest as well as need rental income than you should go for flat. It would be best if you choose its location near industrial area or SEZ. The residential areas nearby MNCs have given good return. That’s what trends says.

5. Your Budget/ approved home loan/ Salary/ savings etc.

Decide a property within your budget.

6. Look for past year trends, to get confidence on your decision.

No one can predict future and no one can give you exact answer to above question. We can provide you past year trends to assist you. We may help you out provide last many years trends in the particular region. We have different trends for different areas.

7. Go for Location, Location & Location

Real Estate is all about location whether it is area, floor or Park Facing, corner, directions etc. Initially at the time of booking the PLCs are hardly 5% or 10% for corner, lower floors or park facing units but in future these locations (PLCs) will pay you around 30% or 50%, you never know, sometime you may get up to 100% in case of commercial properties.

In brief, those properties are best which would be sold easily in future. You can also consider like security, connectivity, bus stand, railway stand etc. I don’t consider these things on priority but the things which you should look for is “Future Development plans” for that area. For eg. Is there any plan for metro in that area? Is there any wide road or expressway passing thru that area? More MNCs coming? Plan for Airport etc. etc.?