A guide for first time investor’s in the real estate market of Hyderabad
It looks like that real estate market of Hyderabad is more realistic after the creation of Telanaga than the real estate market of other cities such as; Mumbai, Bangalore and Delhi. With the transformation of new segment it is expected that market will witness the emergence of many new buyers which will include the first time buyers as well as investors who are looking for the way to earn quick money in real estate sector, but none of the investors have fixed time period to get the desired and expected returns after putting up the money. However; most of the investors are local people who love to develop the personal relationships with the builder through years while doing the same business.
As per the statement of Pradeep Kumar, from Pradeep Property Consultants who is the land owner from generations and in the real estate business in state, the local population of Telangana and Andhra Pradesh are business oriented and in past few years the greed had overtaken the many fly-by-night operators after entering in the residential as well as commercial market. However; in Hyderabad the IT industry is witnessing the steady growth and apart from that several non-IT companies are expanding their own operation in the outer of the city as professionals from these sectors are planning to enter in the real estate market to earn more profit in less time, as per the statement of A Narasani, who is freelancer in the sector of property consultant and financial advisor. The more he added that all of these peoples are not looking to make the big returns in very less time but they are ready to wait for two to three years after booking the property. Here are few facts which any non-formal investors must admire:
Ability to scale the projects:
This is one of the most important factors in the real estate market when it comes to scale the ability of financing and the percentage of builders in the real estate projects as most of the potential investors want to make sure that these factors are involving the several other parties.
A clear contract:
While extending the credit most of the investors need to complete clarity in reference of any eventualities if projects get late for any kind of reasons which is beyond the control of real estate developers. As investor we need these factors in many aspects as they can migrate the risk for both the parties.
Projects division:
In deals certain kinds of apartments are signed for ownership from various numbers of investors. In addition to clear the record of ownership and detail about them who do the marketing for these projects, and what will be the charges for these kinds of services. Whereas; there are some kind of grey areas which initiates a sales for the developers that was followed by the investor as well as other parties before making the final price agreement.
Systematic due diligence:
In the systematic due diligence process when anyone invest in the land they must linked it with the credit worthiness evolution so that the potential beneficiaries can know the real price of property however; there are complex deals which needs more delivery time in comparison of other deals.
Apart from that ancestral, transfer deals, security, land papers, ownership are some of the main issue which need to check before buying the property. No doubt that real estate investment in the Hyderabad will provide the good returns all you need to have the basic understanding and observing power to make sure that you are investing in the secure sector.