In India, price for flats in ahmedabad is a highly unpredictable business venture. Buying and selling of real estate property has equal probability of both profit and loss. Selling at the right time can result in huge profits. Simply, timing is the keyword in any real estate property dealings.
The basic idea to make profit in real estate business would be to buy when the prices are low and hold the property till you feel the value has reached its peak and has saturated and sell it out keeping a huge profit. But the problem which usually arises following this rule is the huge maintenance costs involved during the holding period increase manifold in the metropolitan cities such as Delhi and Mumbai. You only have to incur expenses which might reduce your profit so this waiting period is very much frustrating.
You might follow these certain tips for a committed and serious real estate investing:
- What to sell and what not to-
Choosing the right kind of property and the proper investment method is highly important as different kinds of property should have different ways of investment tricks. The most reliable property in which one can invest to get an assured return on investment (ROI) is rental property. These rental properties come as low as INR 5 to 6 lakhs in small towns. Here, one has to simply stay in the house for a period of time and repair it occasionally for which you can also get tax exemptions and then finally sell it. Though returns are guaranteed in investments of this nature but they usually trickle down slowly.
Compared to business property, owning commercial property is a better proposition as the hassles of repairing the property in a residential property is greatly reduced. Location and infrastructural facilities should be taken into consideration while investing in commercial property. Investing in such property might bear you a sweet fruit. You can get a better price for a location which has metro-rail station, railway station, bus stop and a local bazaar nearby.
Owning a plot of land and selling it at the right time is one of the easiest and most profitable kinds of investment which do not have any recurring costs associated with it. Though, the waiting time can be particularly long in this kind of investments.
- Gauging the market-
You have to be always very aware of the existing market conditions in a real estate business. India has a very fluctuating market so you must keep keen eyes over it. Try to buy when few are actually buying otherwise you may have to buy it in the listed price and sell it at a time when you are in a position to make a good offer. Always calculate the time value of money before declaring the final dealing price. Keeping notes of the expenses incurred during the holding time may also help.
- Pricing the real estate-
This is the most important part of a real estate business. While pricing keeping in mind the future utility of the property, the competitive environment and other such important issues like location of the property and the demand of the particular property and so on. You can easily expect INR 8 to 10 lakhs for a 3 bedroom flat in Gurgaon, which is the upcoming technical hub of Western India.
Ultimately, it is very much your will to take a risk and your vision which will make you reap good benefits from buying and selling of real estate property in India as these are only a few tips which might help you in your decisions of selling and buying real estate.