Thursday, 31 January 2019

Invest in property the right way:




Here’s a quick guide to investing in property in Bangalore for first time buyers:



1)    Always verify property documents with a reputed lawyer: As laws and policies change often, you must spend the extra time and effort to have documents verified by lawyers. This may seem time consuming, but most sellers allow you to pay a small token advance towards a piece of land you are interested in to give you time to verify and decide. Often, this advance is 100% refundable. It’s best to book what you like and ensure your documents are favorable to you and your future.


2)    Always visit previous projects by developers: This important step in decision making will give you a clear picture of what to expect. Property developers who have a legacy of maintained developments will gladly show you their past projects. You can use this opportunity to see how the land value has appreciated as well. This generally gives buyers a calculated insight into their investment.



    3)    Always talk to old clients about their investments. When you talk, ask about ease of transactions and why they chose a developer over others. Personal testimonials always give you the best insights. A transparent developer will share their references with you.

4)    Finally, always be wary of new comers in the market. New comers may not have the know how that seasoned developers have. Those who have been in the business for a while usually have in-depth knowledge and experience that a new-comer may simply not. Seasoned developers have first-hand experience from doing multiple projects. They are generally better prepared to handle projects, deliver on time and give the best service.

Remember, in and around Bangalore, the best time to invest in land is now!